Pembina Pipeline Stock Rating Reaffirmed by CIBC (PPL)
Several other analysts have also recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Pembina Pipeline from $31.00 to $33.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital downgraded shares of Pembina Pipeline from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, February 14th. They now have a $30.00 price target on the stock, up previously from $29.00. Finally, analysts at UBS AG initiated coverage on shares of Pembina Pipeline in a research note to investors on Tuesday, January 22nd. They set a “buy” rating on the stock.
Shares of Pembina Pipeline traded up 2.76% during mid-day trading on Monday, hitting $29.75. Pembina Pipeline has a one year low of $24.86 and a one year high of $30.80. The stock’s 50-day moving average is currently $29.16. The company has a P/E ratio of 34.06.
Pembina Pipeline Corporation (Pembina) is a Calgary-based company, engaged in providing transportation and midstream services.
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