After Credit Suisse and TD Securities gave Brookfield Infrastructure (NYSE: BIP) a Buy rating last month, the company received another Buy, this time from RBC Capital. Analyst Robert Kwan reiterated a Buy rating on Brookfield Infrastructure yesterday and set a price target of $49. The company’s shares closed yesterday at $41.30.
Kwan has an average return of 31.2% when recommending Brookfield Infrastructure.
According to TipRanks.com, Kwan is ranked #189 out of 4853 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Infrastructure with a $47.13 average price target.
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The company has a one-year high of $46.88 and a one-year low of $37.27. Currently, Brookfield Infrastructure has an average volume of 288.4K.
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Brookfield Infrastructure Partners LP engages in the operation of assets that generates cash flows and requires minimal capital expenditures. It operates through the following business segments: Utilities, Transport, Energy, Communications Infrastructure, and Corporate.
