Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 1-Year High – Here’s What Happened

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) reached a new 52-week high on Monday . The company traded as high as C$62.69 and last traded at C$49.38, with a volume of 108841 shares. The stock had previously closed at C$48.56.

Wall Street Analyst Weigh In

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 report on Friday, August 23rd.

Brookfield Infrastructure Partners Price Performance

The company has a 50 day moving average of C$47.27 and a 200-day moving average of C$42.93. The firm has a market capitalization of C$22.77 billion, a P/E ratio of -274.00, a P/E/G ratio of -2.12 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.45 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.