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

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

Analyst Ratings Changes

Separately, National Bankshares lifted their price target on shares of 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 Trading Up 1.1 %

The business’s 50-day simple moving average is C$47.60 and its two-hundred day simple moving average is C$43.16. 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 stock has a market capitalization of C$22.88 billion, a price-to-earnings ratio of -275.33, a PEG ratio of -2.12 and a beta of 1.05.

About Brookfield Infrastructure Partners

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.