Pembina Pipeline (TSE:PPL) Price Target Increased to C$51.00 by Analysts at CIBC

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by equities researchers at CIBC from C$50.00 to C$51.00 in a note issued to investors on Thursday, January 11th. CIBC’s price target would indicate a potential upside of 25.03% from the company’s previous close.

PPL has been the topic of a number of other research reports. TD Securities raised their target price on shares of 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. National Bank Financial raised their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. raised their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Tuesday, September 26th. Finally, Scotiabank raised their target price on shares of 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. Nine investment analysts have rated the stock with a buy rating, Pembina Pipeline has a consensus rating of “Buy” and a consensus target price of C$51.22.

Shares of Pembina Pipeline (PPL) opened at C$40.79 on Thursday. The company has a market cap of $20,520.00, a P/E ratio of 32.37 and a beta of 0.28. Pembina Pipeline has a 1 year low of C$39.04 and a 1 year high of C$46.17.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, November 2nd. The company reported C$0.22 EPS for the quarter, missing the consensus estimate of C$0.37 by C($0.15). Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%.

In related news, Director Bruce D. Rubin purchased 5,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were bought at an average price of C$35.37 per share, with a total value of C$176,850.00. Also, Director Maureen Howe bought 2,400 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of C$45.08 per share, for a total transaction of C$108,192.00. In the last ninety days, insiders have acquired 8,915 shares of company stock worth $334,311.

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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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