Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$58.49 and last traded at C$58.49, with a volume of 3276 shares. The stock had previously closed at C$58.47.
Separately, National Bank Financial increased their price objective on Brookfield Infrastructure Partners from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th.
The company has a debt-to-equity ratio of 110.98, a current ratio of 1.10 and a quick ratio of 1.01. The firm’s fifty day simple moving average is C$57.04. The company has a market cap of $16.37 billion and a PE ratio of 493.78.
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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