BMO Capital Reaffirms Their Hold Rating on Plains GP Holdings

By Jason Carr

In a report released yesterday, Danilo Juvane from BMO Capital reiterated a Hold rating on Plains GP Holdings (NYSE: PAGP), with a price target of $32. The company’s shares opened today at $28.42.

According to, Juvane is a 3-star analyst with an average return of 6.6% and a 69.4% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Spectra Energy Partners, and Targa Resources Corp.

Plains GP Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $33.

The company has a one year high of $36.59 and a one year low of $23.06. Currently, Plains GP Holdings has an average volume of 1.57M.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PAGP in relation to earlier this year. Earlier this month, Greg Armstrong, the COB & CEO of PAGP bought 100,000 shares for a total of $2,763,750.

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Plains GP Holdings LP operates as a holding company. Its subsidiaries engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. The company was founded in August 2007 and is headquartered in Houston, TX.