Pembina Pipeline Receives Sector Outperform Rating from CIBC (PPL)
Pembina Pipeline (TSE:PPL)‘s stock had its “sector outperform” rating reiterated by research analysts at CIBC in a report released on Wednesday, StockRatingsNetwork reports. They currently have a C$36.00 target price on the stock. CIBC’s target price would indicate a potential upside of 9.59% from the company’s current price.
PPL has been the subject of a number of other recent research reports. Analysts at Scotiabank cut their price target on shares of Pembina Pipeline (TSE:PPL) from C$36.00 to C$35.00 in a research note to investors on Wednesday, September 11th. Separately, analysts at RBC Capital raised their price target on shares of Pembina Pipeline (TSE:PPL) from C$36.00 to C$37.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Pembina Pipeline (TSE:PPL) from C$35.00 to C$36.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$35.75.
Pembina Pipeline (TSE:PPL) traded up 1.64% on Wednesday, hitting $32.85. The stock had a trading volume of 788,451 shares. Pembina Pipeline has a 52-week low of $27.01 and a 52-week high of $35.64. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company has a price-to-earnings ratio of 32.98.
The company also recently announced a sep 13 dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Wednesday, September 25th will be paid a dividend of $0.14 per share.
Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.
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