Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, TD Analyst Says

Key Points

• TD raised Pembina Pipeline’s price target from C$79 to C$80 and maintained a “buy” rating, implying 12.87% potential upside from the current price.
• Analyst sentiment remains positive overall, with the stock carrying a “Moderate Buy” consensus rating and an average target price of C$69.64 across 12 analysts.
• Pembina shares traded at C$70.88, near their 12-month high of C$72.72, with a market capitalization of approximately C$41.22 billion.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its price objective upped by research analysts at TD from C$79.00 to C$80.00 in a research report issued on Monday, BayStreet reports. The firm currently has a "buy" rating on the stock. TD's target price points to a potential upside of 12.87% from the stock's current price.

PPL has been the topic of several other reports. ATB Cormark Capital Markets increased their price target on Pembina Pipeline from C$77.00 to C$79.00 and gave the company an "outperform" rating in a report on Friday, October 23rd. Wells Fargo & Company upgraded Pembina Pipeline from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, July 13th. Barclays increased their target price on Pembina Pipeline from C$69.00 to C$70.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Scotiabank cut Pembina Pipeline from a "sector outperform" rating to a "hold" rating and raised their target price for the stock from C$69.00 to C$73.00 in a research report on Tuesday, July 21st. Finally, BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a "market perform" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of "Moderate Buy" and an average target price of C$69.64.

Pembina Pipeline Stock Performance

Pembina Pipeline stock traded down C$0.83 during midday trading on Monday, reaching C$70.88. 573,223 shares of the company traded hands, compared to its average volume of 2,433,396. The firm has a market capitalization of C$41.22 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.58 and a beta of 0.30. The business has a 50 day moving average of C$67.29 and a two-hundred day moving average of C$64.39. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.

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