Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective increased by Scotiabank from C$50.00 to C$52.00 in a research note released on Monday. They currently have an outperform rating on the stock.
PPL has been the subject of several other reports. National Bank Financial boosted their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the company an outperform rating in a research report on Friday, November 3rd. CIBC boosted their price objective on shares of Pembina Pipeline from C$51.00 to C$53.00 in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Pembina Pipeline from C$47.00 to C$50.00 in a research report on Friday. TD Securities boosted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research report on Monday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$55.00 in a research report on Friday, December 8th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Pembina Pipeline presently has a consensus rating of Buy and a consensus target price of C$51.70.
Shares of Pembina Pipeline (TSE:PPL) opened at C$42.72 on Monday. Pembina Pipeline has a 12 month low of C$38.10 and a 12 month high of C$46.17. The stock has a market capitalization of $21,490.00, a P/E ratio of 21.80 and a beta of 0.28.
In related news, Director Henry William Sykes purchased 1,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of C$44.79 per share, for a total transaction of C$44,790.00. Also, Director Bruce D. Rubin purchased 5,000 shares of the stock in a transaction dated 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. Insiders have bought 8,915 shares of company stock valued at $334,311 over 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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