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.
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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.
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