Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective increased by equities researchers at CIBC from C$50.00 to C$51.00 in a research note issued to investors on Thursday. CIBC’s price target indicates a potential upside of 16.20% from the stock’s previous close.
A number of other analysts have also recently commented on the company. Scotiabank upped their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. National Bank Financial increased their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. JPMorgan Chase & Co. increased their target price on Pembina Pipeline from C$53.00 to C$55.00 in a research report on Friday, December 8th. Finally, TD Securities increased their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Nine research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$51.00.
Shares of Pembina Pipeline (TSE PPL) traded down C$1.00 on Thursday, reaching C$43.89. The company’s stock had a trading volume of 1,603,075 shares, compared to its average volume of 1,009,916. The stock has a market capitalization of $22,200.00, a PE ratio of 34.83 and a beta of 0.37. Pembina Pipeline has a fifty-two week low of C$39.04 and a fifty-two week high of C$46.17.
In other news, Director Maureen Howe purchased 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was bought 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 company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of C$44.79 per share, with a total value of C$44,790.00. Insiders have purchased 3,500 shares of company stock valued at $157,461 in the last quarter.
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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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