Scotiabank analyst Richard Roberts reiterated a Hold rating on Plains GP Holdings (NYSE: PAGP) today and set a price target of $30. The company’s shares opened today at $26.46, close to its 52-week high of $27.
According to TipRanks.com, Roberts is a 1-star analyst with an average return of -1.1% and a 50.0% success rate. Roberts covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Cheniere Energy Partners LP, and Holly Energy Partners LP.
Plains GP Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $28.29, implying a 6.9% upside from current levels. In a report issued on August 7, Stifel Nicolaus also reiterated a Hold rating on the stock with a $26 price target.
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The company has a one-year high of $27 and a one-year low of $18.98. Currently, Plains GP Holdings has an average volume of 1.53M.
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Plains GP Holdings LP operates as a holding company. Its subsidiaries engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. The company was founded in August 2007 and is headquartered in Houston, TX.
