Pembina Pipeline (TSE: PPL)‘s stock had its “sector outperform” rating reaffirmed by CIBC in a research note issued on Monday. They currently have a $30.50 price target on the stock.

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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