Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) had its target price lowered by investment analysts at JPMorgan Chase & Co. from C$62.00 to C$59.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 13.79% from the stock’s current price.
Several other analysts also recently commented on PPL. UBS Group cut their target price on Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Raymond James raised their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Finally, TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average target price of C$59.13.
Get Our Latest Research Report on PPL
Pembina Pipeline Stock Up 0.3 %
Insider Activity
In other Pembina Pipeline news, Director Henry William Sykes bought 1,100 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of C$53.61 per share, with a total value of C$58,971.00. Also, Senior Officer J. Scott Burrows sold 18,106 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$55.43, for a total transaction of C$1,003,615.58. Insiders bought a total of 18,089 shares of company stock worth $955,839 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.
Pembina Pipeline Company Profile
Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.
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