Pembina Pipeline Co. (TSE:PPL) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Pembina Pipeline has an average “Moderate Buy” rating from 13 brokerages: seven analysts recommend buying, two strongly recommend buying, and four rate it a hold. The average one-year price target is C$68.86.
• Several analysts recently raised their targets, including TD Securities, which upgraded the stock to “strong buy” and lifted its target to C$75, while National Bank Financial raised its target to C$71.
• Pembina shares opened at C$65.20, down 2.0%, with a market capitalization of approximately C$37.92 billion and a 12-month trading range of C$50.15 to C$72.72.

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has received an average rating of "Moderate Buy" from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$68.86.

A number of brokerages have recently commented on PPL. TD Securities raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 26th. TD raised shares of Pembina Pipeline from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$65.00 to C$75.00 in a research note on Tuesday, May 26th. Scotia upped their target price on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the company a "sector outperform" rating in a research note on Friday, July 3rd. National Bank Financial raised their price target on Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an "outperform" rating in a research report on Monday, June 1st. Finally, Scotiabank lowered shares of Pembina Pipeline from a "sector outperform" rating to a "hold" rating and raised their price objective for the stock from C$69.00 to C$73.00 in a report on Tuesday, July 21st.

Pembina Pipeline Stock Down 2.0%

Shares of Pembina Pipeline stock opened at C$65.20 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 80.92. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72. The business has a fifty day simple moving average of C$68.24 and a 200 day simple moving average of C$65.42. The stock has a market cap of C$37.92 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.58 and a beta of 0.24.

About Pembina Pipeline

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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