Brookfield Infrastructure Partners (TSE:BIP.UN) Sets New 1-Year High – What’s Next?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) shares reached a new 52-week high on Friday . The stock traded as high as C$60.83 and last traded at C$49.87, with a volume of 48784 shares trading hands. The stock had previously closed at C$48.98.

Wall Street Analysts Forecast Growth

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

Brookfield Infrastructure Partners Stock Performance

The stock has a market capitalization of C$22.91 billion, a P/E ratio of -275.72, a PEG ratio of -2.12 and a beta of 1.05. The firm has a 50-day moving average of C$45.15 and a 200 day moving average of C$41.60. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01.

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.