Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target upped by investment analysts at J P Morgan Chase & Co from C$53.00 to C$55.00 in a note issued to investors on Friday. J P Morgan Chase & Co’s target price suggests a potential upside of 21.98% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. TD Securities increased their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, November 6th. National Bank Financial increased their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. CIBC increased their target price on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Tuesday, October 3rd. Finally, Scotiabank increased their target price on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Nine equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$50.89.

Pembina Pipeline (TSE:PPL) traded up C$0.36 during trading on Friday, reaching C$45.09. 720,968 shares of the company’s stock were exchanged, compared to its average volume of 1,110,124. Pembina Pipeline has a 12 month low of C$39.04 and a 12 month high of C$46.17.

In other news, Director Henry William Sykes acquired 1,000 shares of Pembina Pipeline stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average cost of C$44.79 per share, for a total transaction of C$44,790.00.

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Pembina Pipeline 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 (TSE:PPL)

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