Scotiabank Boosts Pembina Pipeline Corp (PPL) Price Target to C$50.00
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) had its price target hoisted by research analysts at Scotiabank from C$49.00 to C$50.00 in a research note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 15.82% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. CIBC lifted their price objective on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Tuesday. J P Morgan Chase & Co lifted their price objective on Pembina Pipeline Corp from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. TD Securities lifted their price objective on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. Ten analysts have rated the stock with a buy rating, Pembina Pipeline Corp has a consensus rating of “Buy” and a consensus target price of C$49.67.
Pembina Pipeline Corp (TSE PPL) traded down 2.26% during trading on Wednesday, hitting $43.17. The company had a trading volume of 1,990,492 shares. Pembina Pipeline Corp has a 12-month low of $37.25 and a 12-month high of $44.65. The company has a market capitalization of $17.40 billion and a price-to-earnings ratio of 33.73. The firm has a 50-day moving average of $41.31 and a 200 day moving average of $42.67.
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In other Pembina Pipeline Corp news, insider Michael H. Dilger bought 10,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of C$32.32 per share, with a total value 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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