In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Pembina Pipeline (TSX: PPL). The company received a Buy rating from Canaccord Genuity’s analyst David Galison, with a C$52 price target.
Galison has an average return of 13.7% when recommending Pembina Pipeline.
According to TipRanks.com, Galison is ranked #861 out of 4839 analysts.
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Pembina Pipeline has an analyst consensus of Strong Buy, with a price target consensus of C$53.17.
Pembina Pipeline’s market cap is currently C$23.44B and has a P/E ratio of 23.4. The company has a Price to Book ratio of 2.05.
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 Thursday at C$46.80, close to its 52-week high of C$47.02.
