Pembina Pipeline (TSX: PPL), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Scotiabank’s analyst Robert Hope, with a C$54 price target.
Hope has an average return of 10.2% when recommending Pembina Pipeline.
According to TipRanks.com, Hope is ranked #1326 out of 4853 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pembina Pipeline with a C$53.63 average price target, a 12.9% upside from current levels. In a report issued on August 2, Canaccord Genuity also maintained a Buy rating on the stock with a C$52 price target.
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The company has a one-year high of C$47.59 and a one-year low of C$37.60. Currently, Pembina Pipeline has an average volume of 1.2M.
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 Friday at C$47.52, close to its 52-week high of C$47.59.
