Shares of Brookfield Infrastructure Partners LP Limited Partnership Units (NYSE:BIP) traded today at $60.72, eclipsing its 52-week high. This new high was reached on below average trading volume as 88,000 shares traded hands, while the average 30-day volume is approximately 285,000 shares.
In the past 52 weeks, shares of Brookfield Infrastructure Partners LP Limited Partnership Units have traded between a low of $42.29 and a high of $60.72 and is now at $60.66, which is 43% above that low price.
Brookfield Infrastructure Partners LP Limited Partnership Units (NYSE:BIP) is currently priced 76.0% above its average consensus analyst price target of $14.59.
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.
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