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

Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP) hit a new 52-week high during trading on Thursday . The stock traded as high as C$61.30 and last traded at C$47.61, with a volume of 144444 shares. The stock had previously closed at C$48.43.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on BIP.UN

Brookfield Infrastructure Partners Stock Up 0.4 %

The company has a market capitalization of C$21.99 billion, a P/E ratio of -264.67, a P/E/G ratio of -2.12 and a beta of 1.05. The stock has a 50-day moving average price of C$46.29 and a 200-day moving average price of C$42.12. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45.

About Brookfield Infrastructure Partners

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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.

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