Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) had its price objective upped by analysts at National Bank Financial from C$63.00 to C$71.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 7.79% from the company’s current price.
Several other brokerages also recently issued reports on PPL. TD raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and upped their price target for the company from C$65.00 to C$75.00 in a report on Tuesday, May 26th. Barclays upped their price target on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. ATB Cormark Capital Markets upped their price target on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Jefferies Financial Group upped their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average price target of C$65.38.
Check Out Our Latest Analysis on Pembina Pipeline
Pembina Pipeline Price Performance
Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The company had revenue of C$2.11 billion for the quarter. As a group, research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.
About Pembina Pipeline
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.
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