Barclays Maintains a Buy Rating on Pembina Pipeline (PBA)

By Ryan Adsit

Barclays analyst Christopher Tillett maintained a Buy rating on Pembina Pipeline (PBAResearch Report) yesterday and set a price target of C$34.00. The company’s shares closed last Monday at $19.57.

According to, Tillett is a 4-star analyst with an average return of 6.8% and a 53.3% success rate. Tillett covers the Basic Materials sector, focusing on stocks such as Western Midstream Partners, Dcp Midstream Partners, and CNX Midstream Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pembina Pipeline with a $34.13 average price target, implying an 115.9% upside from current levels. In a report issued on March 11, RBC Capital also maintained a Buy rating on the stock with a C$55.00 price target.

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The company has a one-year high of $40.65 and a one-year low of $10.58. Currently, Pembina Pipeline has an average volume of 1.54M.

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Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segment: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure. The Facilities segment consists of processing and fractionation facilities and related infrastructure that delivers the firm’s customers with natural gas and NGL services. The Marketing and New Ventures segment undertakes value-added commodity marketing activities including buying and selling products and optimizing storage opportunities. The company was founded on September 29, 1954 and is headquartered in Calgary, Canada.