Scotiabank Reiterates “Sector Outperform” Rating for Pembina Pipeline (PPL)
Pembina Pipeline (TSE:PPL)‘s stock had its “sector outperform” rating restated by investment analysts at Scotiabank in a note issued to investors on Tuesday, Stock Ratings Network.com reports. They currently have a C$40.00 price target on the stock, up from their previous price target of C$37.00. Scotiabank’s target price indicates a potential upside of 11.08% from the company’s current price.
A number of other firms have also recently commented on PPL. Analysts at RBC Capital raised their price target on shares of Pembina Pipeline from C$40.00 to C$42.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Pembina Pipeline from C$36.00 to C$39.00 in a research note to investors on Tuesday. They now have a “sector outperform” rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$38.94.
Pembina Pipeline (TSE:PPL) traded up 4.32% during mid-day trading on Tuesday, hitting $36.01. 1,473,599 shares of the company’s stock traded hands. Pembina Pipeline has a 52-week low of $27.95 and a 52-week high of $35.64. The stock has a 50-day moving average of $32.30 and a 200-day moving average of $32.22. The company has a price-to-earnings ratio of 30.82.
Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.
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