Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 52-Week High – Time to Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) reached a new 52-week high on Monday . The stock traded as high as C$62.69 and last traded at C$49.38, with a volume of 108841 shares trading hands. The stock had previously closed at C$48.56.

Analyst Ratings Changes

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

Brookfield Infrastructure Partners Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The stock has a market cap of C$22.77 billion, a price-to-earnings ratio of -274.00, a P/E/G ratio of -2.12 and a beta of 1.05. The company’s fifty day moving average is C$47.27 and its two-hundred day moving average is C$42.93.

About Brookfield Infrastructure Partners

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.