Pembina Pipeline (PPL) PT Lowered to C$47.00 at BMO Capital Markets

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective dropped by BMO Capital Markets from C$48.00 to C$47.00 in a research note issued to investors on Tuesday. BMO Capital Markets’ target price indicates a potential upside of 17.59% from the stock’s previous close.

A number of other research firms also recently commented on PPL. JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from C$53.00 to C$55.00 in a research note on Friday, December 8th. TD Securities upped their target price 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 target price on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, CIBC upped their target price on shares of Pembina Pipeline from C$50.00 to C$51.00 in a report on Thursday, January 11th. Nine investment analysts have rated the stock with a buy rating, Pembina Pipeline has an average rating of “Buy” and an average price target of C$51.22.

Pembina Pipeline (PPL) traded down C$0.33 during trading on Tuesday, hitting C$39.97. 1,102,303 shares of the stock were exchanged, compared to its average volume of 1,098,281. Pembina Pipeline has a one year low of C$38.70 and a one year high of C$46.17. The firm has a market cap of $20,140.00, a P/E ratio of 31.63 and a beta of 0.28.

In related news, Director Henry William Sykes purchased 1,000 shares of the stock in a transaction on 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 on Tuesday, December 12th. The stock was bought 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 bought 8,915 shares of company stock worth $334,311.

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About Pembina Pipeline

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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