Pembina Pipeline (PPL), the Materials sector company, has received a rating update from a Wall Street analyst today. Desjardins’ analyst Bill Cabel reiterates their Buy rating on the shares, with a C$52 price target.
According to TipRanks.com, Cabel is a 4-star analyst with an average return of 5.2% and a 72.3% success rate. Cabel covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Algonquin Power & Utilities Corp, and Pattern Energy.
Pembina Pipeline has an analyst consensus of Strong Buy, with a price target consensus of C$54.57.
Pembina Pipeline’s market cap is currently C$21.36B and has a P/E ratio of 15.8. The company has a Price to Book ratio of 1.84.
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$42.39.
