CIBC Boosts Pembina Pipeline (PPL) Price Target to C$51.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target hoisted by CIBC from C$50.00 to C$51.00 in a report issued on Thursday. CIBC’s price objective points to a potential upside of 16.20% from the company’s previous close.

A number of other equities analysts have also commented on the company. Scotiabank increased their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. National Bank Financial raised their price objective on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. raised their price objective on Pembina Pipeline from C$53.00 to C$55.00 in a research note on Friday, December 8th. Finally, TD Securities raised their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Nine analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$51.00.

Shares of Pembina Pipeline (TSE:PPL) traded down C$1.00 during trading on Thursday, reaching C$43.89. The company had a trading volume of 1,603,075 shares, compared to its average volume of 1,009,916. Pembina Pipeline has a 52 week low of C$39.04 and a 52 week high of C$46.17. The company has a market capitalization of $22,200.00, a price-to-earnings ratio of 34.83 and a beta of 0.37.

In related news, Director Maureen Howe acquired 2,400 shares of the stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of C$45.08 per share, with a total value of C$108,192.00. Also, Director Henry William Sykes purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of C$44.79 per share, with a total value of C$44,790.00. Insiders bought a total of 3,500 shares of company stock valued at $157,461 over the last ninety days.

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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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