RBC Capital Remains a Buy on Brookfield Infrastructure (BIP)

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In a report released on November 7, Maurice Choy from RBC Capital maintained a Buy rating on Brookfield Infrastructure (BIP – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $34.29.

According to TipRanks, Choy is a 4-star analyst with an average return of 9.1% and a 56.32% success rate. Choy covers the Utilities sector, focusing on stocks such as Fortis, Emera, and Brookfield Infrastructure.

Currently, the analyst consensus on Brookfield Infrastructure is a Strong Buy with an average price target of $36.62, representing a 6.79% upside. In a report released on November 7, Scotiabank also assigned a Buy rating to the stock with a $38.00 price target.

The company has a one-year high of $36.50 and a one-year low of $24.84. Currently, Brookfield Infrastructure has an average volume of 323.2K.

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Brookfield Infrastructure (BIP) Company Description:

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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