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.
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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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