In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Pembina Pipeline (PPL). The company received a Buy rating from Canaccord Genuity’s analyst David Galison, with a C$58 price target.
Galison has an average return of 11.2% when recommending Pembina Pipeline.
According to TipRanks.com, Galison is ranked #1413 out of 4900 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pembina Pipeline with a C$55.33 average price target, representing a 22.5% upside. In a report issued on November 2, National Bank also maintained a Buy rating on the stock with a C$58 price target.
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The company has a one-year high of C$47.84 and a one-year low of C$37.60. Currently, Pembina Pipeline has an average volume of 1.32M.
Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: Conventional Pipelines, Oil Sands and Heavy Oil, Gas Services. and Midstream.
The company’s shares closed on Monday at C$45.14.
