CIBC Raises Pembina Pipeline Corp (PPL) Price Target to C$50.00
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) had its target price lifted by investment analysts at CIBC from C$49.00 to C$50.00 in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 14.47% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co boosted their price objective on Pembina Pipeline Corp from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. TD Securities lifted their target price on shares of Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. Ten equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$49.56.
Pembina Pipeline Corp (TSE:PPL) traded up 1.40% during mid-day trading on Tuesday, hitting $44.29. The company’s stock had a trading volume of 862,055 shares. The firm has a 50 day moving average of $41.13 and a 200-day moving average of $42.65. The firm has a market cap of $17.85 billion and a price-to-earnings ratio of 34.60. Pembina Pipeline Corp has a 52-week low of $37.25 and a 52-week high of $44.65.
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In other news, insider Michael H. Dilger acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of C$32.32 per share, for a total transaction of C$323,200.00.
About Pembina Pipeline Corp
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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