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.

Analyst Recommendations for Pembina Pipeline Corp (TSE:PPL)

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