Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 52-Week High – Should You Buy?

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) reached a new 52-week high during trading on Thursday . The company traded as high as C$61.30 and last traded at C$47.61, with a volume of 144444 shares. The stock had previously closed at C$48.43.

Analysts Set New Price Targets

Separately, National Bankshares boosted their price objective on shares of Brookfield Infrastructure Partners from C$31.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd.

Brookfield Infrastructure Partners Trading Down 2.0 %

The firm’s 50 day simple moving average is C$46.12 and its 200-day simple moving average is C$42.03. The company has a market capitalization of C$21.92 billion, a PE ratio of -263.50, a P/E/G ratio of -2.12 and a beta of 1.05. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.