Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) had its price objective hoisted by Scotiabank from C$49.00 to C$50.00 in a research note issued on Wednesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 16.69% from the company’s current price.

A number of other research analysts also recently weighed in on the company. J P Morgan Chase & Co increased their target price on Pembina Pipeline Corp from C$52.00 to C$53.00 in a report on Tuesday, September 26th. AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. TD Securities increased their target price on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, CIBC increased their target price on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a buy rating, Pembina Pipeline Corp presently has a consensus rating of “Buy” and an average target price of C$49.67.

Shares of Pembina Pipeline Corp (PPL) opened at 42.85 on Wednesday. Pembina Pipeline Corp has a one year low of $37.25 and a one year high of $44.65. The company has a 50-day moving average price of $41.39 and a 200 day moving average price of $42.67. The stock has a market cap of $17.27 billion and a price-to-earnings ratio of 33.48.

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In related news, insider Michael H. Dilger purchased 10,000 shares of Pembina Pipeline Corp stock in a transaction on Monday, August 14th. The stock was acquired at an average price of C$32.32 per share, for a total transaction of C$323,200.00.

About Pembina Pipeline Corp

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Analyst Recommendations for Pembina Pipeline Corp (TSE:PPL)

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