Pembina Pipeline Corp (PPL) PT Raised to C$50.00
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.
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.
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