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

Key Points

• Pembina Pipeline has a “Moderate Buy” consensus rating from 13 analysts: seven rate it a buy, two a strong buy, and four a hold. The average 12-month price target is C$68.86.
• Several brokerages recently raised their price targets, with new targets ranging from C$69 to C$73 and generally positive “outperform” or equivalent ratings.
• The shares opened at C$67.07, with a market capitalization of approximately C$39 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 a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$68.86.

Several research analysts recently commented on PPL shares. Barclays raised their price target on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Scotia raised their target price on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 3rd. Canadian Imperial Bank of Commerce boosted their price target on Pembina Pipeline from C$72.00 to C$73.00 and gave the company an "outperformer" rating in a report on Friday, July 3rd. ATB Cormark Capital Markets increased their price objective on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an "outperform" rating in a research note on Friday, July 3rd. Finally, National Bank Financial lifted their target price on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an "outperform" rating in a research report on Monday, June 1st.

Pembina Pipeline Stock Performance

Shares of TSE:PPL opened at C$67.07 on Friday. The company has a market capitalization of C$39.00 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.58 and a beta of 0.28. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72. The firm's 50-day moving average is C$68.25 and its 200 day moving average is C$64.59. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92.

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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