Pembina Pipeline (TSE:PPL) Given New C$57.00 Price Target at Barclays

Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA had its price objective trimmed by Barclays from C$58.00 to C$57.00 in a research note released on Monday,BayStreet.CA reports. The firm currently has an overweight rating on the stock.

PPL has been the topic of several other research reports. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price on the stock in a research report on Thursday, June 26th. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada cut their price objective on shares of Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$59.08.

Pembina Pipeline Trading Down 2.3%

TSE:PPL traded down C$1.16 during trading hours on Monday, hitting C$49.57. 4,648,369 shares of the stock were exchanged, compared to its average volume of 3,466,427. The company's 50 day moving average is C$51.83 and its two-hundred day moving average is C$52.89. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.72. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The company has a market capitalization of C$28.66 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Insider Buying and Selling

In other Pembina Pipeline news, Director Andy Mah acquired 4,105 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average price of C$48.84 per share, with a total value of C$200,488.20. Insiders own 0.05% of the company's stock.

About Pembina Pipeline

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms' assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.