Deutsche Bank AG upgraded Plains All American Pipeline, L.P. (NYSE:PAA) to Buy in a report released today.
- Updated: October 10, 2016
Deutsche Bank AG has upgraded Plains All American Pipeline, L.P. (NYSE:PAA) to Buy in a report released on 10/10/2016.
Yesterday Plains All American Pipeline, L.P. (NYSE:PAA) traded -0.95% lower at $31.13. The company’s 50-day moving average is $29.14 and its 200-day moving average is $26.33. The last closing price is up 18.22% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,226,643 shares of PAA traded hands, down from an average trading volume of 2,251,170
Recent Performance Chart
Plains All American Pipeline, L.P. has 52 week low of $14.82 and a 52 week high of $33.89 with a PE ratio of 89.20 and has a market capitalization of $0.
In addition to Deutsche Bank AG reporting its stock price target, a total of 21 brokerages have issued a research note on the stock. The consensus target price is $25.62 with 4 firms rating the stock a strong buy, 2 firms rating the stock a buy, 16 firms rating the stock a hold, one analyst rating the company a underperform, and lastly one analyst rating the company a sell.
More About Plains All American Pipeline, L.P. (NYSE:PAA)
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. Its Facilities segment operations consist of activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. Its supply and logistics segment operations consist of the merchant-related activities, including sale of gathered and bulk-purchased crude oil, as well as sales of NGL volumes purchased from suppliers and natural gas sales attributable to the activities.
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