Pembina Pipeline (PPL): New Buy Recommendation for This Energy Giant


In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Pembina Pipeline (PPL). The company received a Buy rating from CIBC’s analyst Robert Catellier, with a C$54 price target.

According to TipRanks.com, Catellier is a 3-star analyst with an average return of 2.5% and a 62.3% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Pembina Pipeline, and Enbridge Inc.

Pembina Pipeline has an analyst consensus of Strong Buy, with a price target consensus of C$54.29, which is a 15.8% upside from current levels. In a report issued on January 23, National Bank also maintained a Buy rating on the stock with a C$57 price target.

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Pembina Pipeline’s market cap is currently C$23.72B and has a P/E ratio of 18.3. 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 Monday at C$46.88, close to its 52-week high of C$47.84.

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