In a new note to investors today, an analyst has provided a rating update for Pembina Pipeline (PPL). Analyst Patrick Kenny from National Bank remains bullish on the stock and has a C$57 price target.
According to TipRanks.com, Kenny is a 1-star analyst with an average return of -1.8% and a 54.5% success rate. Kenny covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
Pembina Pipeline has an analyst consensus of Strong Buy, with a price target consensus of C$54, which is a 23.2% upside from current levels. In a report issued on January 14, CIBC also reiterated a Buy rating on the stock with a C$52 price target.
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 1.47M.
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 Wednesday at C$43.83.