Raymond James Reaffirms Their Buy Rating on Pembina Pipeline (PPL)

Today, an analyst has provided a rating update for Pembina Pipeline (PPLResearch Report). Raymond James’ analyst Chris Cox reiterates their Buy rating on the shares, with a C$54 price target.

According to TipRanks.com, Cox is a 2-star analyst with an average return of 0.2% and a 47.9% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.

Currently, the analyst consensus on Pembina Pipeline is a Strong Buy with an average price target of C$56.25, implying a 16.4% upside from current levels. In a report issued on May 3, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$55 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 1.44M.

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 Wednesday at C$48.32.

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