Shares of Brookfield Infrastructure Partners LP Limited Partnership Units (NYSE:BIP) traded today at $59.81, eclipsing its 52-week high. This new high was reached on below average trading volume as 50,000 shares traded hands, while the average 30-day volume is approximately 286,000 shares.
Brookfield Infrastructure Partners LP Limited Partnership Units (NYSE:BIP) is currently priced 75.8% above its average consensus analyst price target of $14.42.
Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.
Brookfield Infrastructure Partners LP Limited Partnership Units share prices have moved between a 52-week high of $59.81 and a 52-week low of $42.29 and are now trading 41% above that low price at $59.71 per share.
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