Inter Pipeline (OTCMKTS:IFCZF) PT Raised to $151.00

Inter Pipeline (OTCMKTS:IFCZF) had its price target hoisted by stock analysts at Scotiabank from $150.00 to $151.00 in a report released on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 61.13% from the stock’s previous close.

IFCZF has been the subject of a number of other reports. Royal Bank of Canada increased their target price on Inter Pipeline from $152.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. TD Securities increased their target price on Inter Pipeline from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, CIBC increased their target price on Inter Pipeline from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. They noted that the move was a valuation call.

OTCMKTS IFCZF opened at $93.72 on Monday. The business has a 50 day simple moving average of $95.78 and a 200 day simple moving average of $100.84. Inter Pipeline has a 52-week low of $74.23 and a 52-week high of $117.51.

About Inter Pipeline

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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