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Pembina Pipeline (TSE:PPL) Price Target Cut to C$57.00 by Analysts at Barclays

Pembina Pipeline logo with Energy background

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

A number of other research analysts have also recently commented on PPL. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. National Bankshares raised 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. JPMorgan Chase & Co. decreased their target price on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Royal Bank Of Canada decreased their target price on shares of Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$59.08.

Read Our Latest Stock Analysis on PPL

Pembina Pipeline Trading Up 0.9%

Shares of PPL stock traded up C$0.43 on Monday, hitting C$50.34. 3,980,921 shares of the stock traded hands, compared to its average volume of 3,460,532. The firm's 50-day moving average price is C$51.71 and its two-hundred day moving average price is C$52.85. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The stock has a market capitalization of C$29.10 billion, a PE ratio of 14.61, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.72.

Pembina Pipeline Company Profile

(Get Free Report)

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.

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