Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 12-Month High – What’s Next?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$61.30 and last traded at C$47.61, with a volume of 144444 shares changing hands. The stock had previously closed at C$48.43.

Wall Street Analysts Forecast Growth

Separately, National Bankshares boosted their target price on 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.

Check Out Our Latest Research Report on BIP.UN

Brookfield Infrastructure Partners Trading Up 0.4 %

The stock has a market capitalization of C$21.99 billion, a P/E ratio of -264.67, a P/E/G ratio of -2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45. The firm’s 50 day moving average price is C$46.29 and its 200 day moving average price is C$42.12.

About Brookfield Infrastructure Partners

(Get Free Report)

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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