Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has been given a C$44.00 price target by investment analysts at Scotiabank in a note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 3.97% from the stock’s current price.
Several other brokerages have also commented on PPL. National Bank Financial raised their price objective on Pembina Pipeline Corp from C$43.00 to C$44.00 in a report on Wednesday, January 25th. Raymond James Financial, Inc. set a C$47.00 price target on Pembina Pipeline Corp and gave the stock an “outperform” rating in a research note on Friday. Desjardins lifted their price target on Pembina Pipeline Corp from C$46.00 to C$47.00 in a research note on Wednesday, December 21st. AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 7th. Finally, TD Securities lifted their price target on Pembina Pipeline Corp from C$44.00 to C$46.00 and gave the stock a “buy” rating in a research note on Monday, November 7th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$44.46.
Shares of Pembina Pipeline Corp (TSE:PPL) traded up 1.02% during trading on Friday, reaching $42.75. The company’s stock had a trading volume of 951,457 shares. The stock has a 50 day moving average of $41.56 and a 200-day moving average of $40.42. Pembina Pipeline Corp has a 1-year low of $32.96 and a 1-year high of $43.49. The company has a market capitalization of $16.89 billion and a PE ratio of 40.99.
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About Pembina Pipeline Corp
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
