TD Securities Raises Pembina Pipeline Corp (PPL) Price Target to C$53.00
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) had its target price upped by equities researchers at TD Securities from C$52.00 to C$53.00 in a research report issued on Monday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 18.09% from the stock’s current price.
Several other research analysts have also recently commented on PPL. National Bank Financial boosted their price target on shares of Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Friday. AltaCorp Capital upgraded shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. J P Morgan Chase & Co upped their target price on shares of Pembina Pipeline Corp from C$52.00 to C$53.00 in a report on Tuesday, September 26th. CIBC upped their target price on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday, October 3rd. Finally, Scotiabank upped their target price on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Nine research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of C$50.56.
Pembina Pipeline Corp (PPL) traded up C$0.48 during midday trading on Monday, reaching C$44.88. 574,837 shares of the company’s stock traded hands.
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In other Pembina Pipeline Corp news, insider Michael H. Dilger purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of C$32.32 per share, for a total transaction of C$323,200.00.
Pembina Pipeline Corp Company Profile
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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