In a report released yesterday, Devin Dodge from BMO Capital maintained a Buy rating on Brookfield Infrastructure (BIP – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $31.86.
Dodge covers the Industrials sector, focusing on stocks such as SNC-Lavalin Group, Clean Harbors, and Enviri. According to TipRanks, Dodge has an average return of 9.9% and a 68.75% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Infrastructure with a $43.40 average price target, a 36.22% upside from current levels. In a report released today, Veritas Investment Research also upgraded the stock to a Buy with a $36.00 price target.
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The company has a one-year high of $41.91 and a one-year low of $29.38. Currently, Brookfield Infrastructure has an average volume of 298.5K.
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Brookfield Infrastructure Partners LP is an infrastructure company, which owns and operates assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. It focuses on assets that generate stable cash flows and require minimal maintenance capital expenditures. The company was founded in July 1905 and is headquartered in Hamilton, Bermuda.
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