Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by equities research analysts at Industrial Alliance Securities from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a C$50.00 target price on the stock, down from their prior target price of C$51.00. Industrial Alliance Securities’ price target suggests a potential upside of 23.89% from the company’s current price.
Other equities analysts also recently issued research reports about the company. National Bank Financial upped their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. TD Securities upped their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, November 6th. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$53.00 to C$55.00 in a report on Friday, December 8th. CIBC upped their target price on Pembina Pipeline from C$50.00 to C$51.00 in a report on Thursday, January 11th. Finally, BMO Capital Markets dropped their target price on Pembina Pipeline from C$48.00 to C$47.00 in a report on Tuesday, February 6th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$51.10.
Pembina Pipeline (PPL) traded up C$0.21 during midday trading on Wednesday, reaching C$40.36. The company’s stock had a trading volume of 622,391 shares, compared to its average volume of 1,155,115. The firm has a market cap of $20,200.00, a P/E ratio of 32.02 and a beta of 0.28. Pembina Pipeline has a 12-month low of C$38.10 and a 12-month high of C$46.17.
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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.
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