Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 52-Week High at $46.03

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$46.03 and last traded at C$45.63, with a volume of 816558 shares trading hands. The stock had previously closed at C$45.44.

Wall Street Analysts Forecast Growth

Separately, National Bankshares increased their price target 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 Stock Up 0.4 %

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 business has a 50 day simple moving average of C$42.75 and a 200 day simple moving average of C$40.43. The company has a market capitalization of C$21.07 billion, a price-to-earnings ratio of -254.44, a PEG ratio of -2.12 and a beta of 1.05.

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.