Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Ian Gillies from GMP FirstEnergy rated Pembina Pipeline (TSX: PPL) a Buy, setting a C$57 price target.
Gillies has an average return of 5.2% when recommending Pembina Pipeline.
According to TipRanks.com, Gillies is ranked #4719 out of 4877 analysts.
Currently, the analyst consensus on Pembina Pipeline is a Strong Buy with an average price target of C$52.67, which is a 18.3% upside from current levels. In a report issued on September 11, BMO Capital also reiterated a Buy rating on the stock with a C$52 price target.
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Pembina Pipeline’s market cap is currently C$22.32B and has a P/E ratio of 20.5. The company has a Price to Book ratio of 1.94.
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 Tuesday at C$44.51.
