Brookfield Infrastructure Partners L.P. (BIP) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 53 from a previous price target of $49 . RBC Capital Mkts advised their investors in a research report released on Aug 4, 2016.
Brookfield Infrastructure Partners L.P. opened for trading at $46.28 and hit $46.86 on the upside on Tusday, eventually ending the session at $46.68, with a gain of 0.86% or 0.4 points. The heightened volatility saw the trading volume jump to 1,45,445 shares. Company has a market cap of $7,571 M.
Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure) owns and operates utilities transport and energy businesses in North and South America Australasia and Europe. Brookfield Infrastructure has appointed Brookfield as its Service Provider to provide certain management administrative and advisory services for a fee under the Master Services Agreement. Brookfield owns an approximate 28.5% interest in Brookfield Infrastructure. The Company operates in three segments: Utilities which include Regulated or contractual businesses that earn a return on their rate base; Transport which provides transportation for freight bulk commodities and passengers for which it is paid an access fee and Energy which includes systems that provide transmission distribution and storage services.