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Plains All American Pipeline LP (NYSE:PAA) target price increased to $26.00, reported today by Goldman Sachs

In a report announced on 8/3/2016 Goldman Sachs increased the target price of Plains All American Pipeline LP (NYSE:PAA) from $21 to $26 reporting a possible downside of -0.02%.

Previously on 7/13/2016, Robert W. Baird released a statement for Plains All American Pipeline LP(NYSE:PAA) raised the target price from $14.00 to $30.00. At the time, this indicated a possible upside of 0.04%.

Yesterday Plains All American Pipeline LP (NYSE:PAA) traded 1.25% higher at $26.56. Plains All American Pipeline LP’s 50-day average is $28.47 and its two hundred day moving average is $25.50. With the last stock close up 7.79% relative to the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the same period. Volume of trade was was up over the average, with 3,243,612 shares of PAA changing hands over the typical 2,243,590 shares..

Performance Chart:

Plains All American Pipeline LP (NYSE:PAA)

Plains All American Pipeline LP has a price-earnings of 79 with a one-year low of $14.82 and a one-year high of $34.98 and has a total market value of $0.0.

In addition to Goldman Sachs reporting it’s target price, a total of 21 equity analysts have released a report on the company. The average target is $25.62 with four analysts rating the stock a strong buy, two analysts rating the stock a buy, 16 firms rating the stock a hold, one firm rating the company to underperform, and lastly one firmrating the company as sell.

More About Plains All American Pipeline LP (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, and as well as sales of NGL volumes purchased from suppliers and natural gas sales attributable to the activities.

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