Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 12-Month High at $67.00

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$67.00 and last traded at C$66.89, with a volume of 15461 shares trading hands. The stock had previously closed at C$66.09.

Several research firms recently issued reports on BIP.UN. Barclays reiterated a “hold” rating and issued a C$61.00 price objective on shares of Brookfield Infrastructure Partners in a report on Sunday, August 4th. National Bank Financial boosted their price objective on Brookfield Infrastructure Partners from C$50.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, September 9th.

The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 104.75. The stock has a market cap of $19.85 billion and a PE ratio of 2,114.06. The company has a fifty day moving average of C$64.63 and a 200-day moving average of C$59.63.

Brookfield Infrastructure Partners Company Profile (TSE:BIP.UN)

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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