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

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.

Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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