Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 12-Month High – Should You Buy?

Posted by Doug Wharley on Oct 25th, 2024

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

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on BIP.UN

Brookfield Infrastructure Partners Stock Up 1.5 %

The firm’s 50-day simple moving average is C$44.84 and its 200 day simple moving average is C$41.49. The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81. The company has a market capitalization of C$22.95 billion, a PE ratio of -272.11, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05.

Brookfield Infrastructure Partners Company Profile

(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.