Pembina Pipeline (PPL) Price Target Increased to C$51.00 by Analysts at CIBC

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price upped by research analysts at CIBC from C$50.00 to C$51.00 in a note issued to investors on Thursday. CIBC’s price target points to a potential upside of 16.20% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from C$53.00 to C$55.00 in a report on Friday, December 8th. TD Securities upped their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, November 6th. National Bank Financial upped their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Finally, Scotiabank upped their price objective on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Nine analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$51.00.

Pembina Pipeline (TSE:PPL) traded down C$1.00 on Thursday, reaching C$43.89. 1,603,075 shares of the company traded hands, compared to its average volume of 1,009,916. The company has a market capitalization of $22,200.00, a price-to-earnings ratio of 34.83 and a beta of 0.37. Pembina Pipeline has a one year low of C$39.04 and a one year high of C$46.17.

In other news, Director Henry William Sykes purchased 1,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average cost of C$44.79 per share, with a total value of C$44,790.00. Also, Director Maureen Howe purchased 2,400 shares of the stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average cost of C$45.08 per share, for a total transaction of C$108,192.00. Over the last ninety days, insiders have acquired 3,500 shares of company stock worth $157,461.

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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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