In a latest note to investors, a research analyst has provided a rating update for the Pembina Pipeline (PPL). Raymond James’ analyst Chris Cox reiterates their Buy rating on the shares today.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -0.5% and a 47.8% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pembina Pipeline with a C$56.20 average price target, which is a 18.5% upside from current levels. In a report issued on April 25, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$54 price target.
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The company has a one-year high of C$50.65 and a one-year low of C$39.15. Currently, Pembina Pipeline has an average volume of 1.38M.
Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: liquids and natural gas pipelines, conventional pipeline assets, transmission pipeline assets, oil sands, and heavy oil assets.
The company’s shares closed on Monday at C$47.43.
