Brokers upbeat on Plains All American Pipeline Lp despite economic uncertainty
The Plains All American Pipeline Lp (NYQ:PAA) share price has risen by 45.8% over the past month and it’s currently trading at 11.36. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Plains All American Pipeline Lp currently has:
- 8 Buy recommendations
- 6 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
At its current price of 11.36, shares in Plains All American Pipeline Lp are trading at a discount of -55.0% to its 52 week high price. The 1-year performance of the shares has been -50.7%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Plains All American Pipeline Lp it's worth doing some investigation yourself.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Plains All American Pipeline LP it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Plains All American Pipeline LP that you can find out about here.
About us
Stockopedia helps individual investors make confident, profitable choices in the stock market. Our StockRank and factor investing toolbox unlocks institutional-quality insights into thousands of global stocks. Voted “Best Investment Research Tools” and “Best Research Service” at the 2021 UK Investor Magazine awards.