Brookfield Infrastructure Partners (TSE:BIP.UN) Given Hold Rating at Barclays

Barclays reaffirmed their hold rating on shares of Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) in a research note issued to investors on Sunday, AnalystRatings.com reports. The brokerage currently has a C$61.00 price objective on the stock.

Separately, National Bank Financial increased their price objective on Brookfield Infrastructure Partners from C$47.00 to C$50.00 and gave the company an outperform rating in a research report on Wednesday, July 10th.

BIP.UN traded up C$0.17 during midday trading on Friday, hitting C$58.70. The stock had a trading volume of 244,606 shares, compared to its average volume of 228,861. The stock has a market capitalization of $16.42 billion and a P/E ratio of 493.28. The company’s fifty day moving average is C$57.08. The company has a debt-to-equity ratio of 110.98, a quick ratio of 1.01 and a current ratio of 1.10. Brookfield Infrastructure Partners has a 1 year low of C$44.04 and a 1 year high of C$58.73.

Brookfield Infrastructure Partners Company Profile

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.

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