National Bank Financial Increases Pembina Pipeline Corp (PPL) Price Target to C$51.00
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) had its target price hoisted by research analysts at National Bank Financial from C$50.00 to C$51.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 15.07% from the stock’s previous close.
Several other analysts have also recently issued reports on PPL. AltaCorp Capital upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. TD Securities increased their price objective on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. J P Morgan Chase & Co increased their price objective on Pembina Pipeline Corp from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. CIBC increased their price objective on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Tuesday, October 3rd. Finally, Scotiabank increased their price objective on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Nine analysts have rated the stock with a buy rating, Pembina Pipeline Corp has a consensus rating of “Buy” and an average target price of C$50.44.
Pembina Pipeline Corp (TSE:PPL) traded up C$1.14 during mid-day trading on Friday, reaching C$44.44. 1,617,619 shares of the company’s stock traded hands.
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In other news, insider Michael H. Dilger acquired 10,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average price 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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