Pembina Pipeline Co. (TSE:PPL) Stock Has Average Price Target of C$68.93 According to Brokerages

Key Points

• Analyst consensus is “Moderate Buy” for Pembina Pipeline, with seven buy ratings, two strong-buy ratings and four holds among 13 analysts.
• The average 12-month price target is C$68.93, while recent broker updates placed targets between C$72 and C$73, though Scotiabank downgraded the stock to “hold.”
• PPL shares opened at C$70.82, near the top of their C$50.15–C$72.72 12-month range; the company operates pipelines, processing facilities, logistics services and export terminals across North America.

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$68.93.

A number of analysts recently weighed in on PPL shares. BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a "market perform" rating in a report on Friday, July 31st. Scotiabank cut shares of Pembina Pipeline from a "sector outperform" rating to a "hold" rating and increased their target price for the stock from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce raised their price target on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the company an "outperformer" rating in a report on Friday, July 3rd. Scotia raised their price target on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the company a "sector outperform" rating in a report on Friday, July 3rd. Finally, ATB Cormark Capital Markets boosted their price target on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an "outperform" rating in a research report on Friday, July 3rd.

Pembina Pipeline Trading Up 3.5%

Shares of PPL opened at C$70.82 on Friday. Pembina Pipeline has a twelve month low of C$50.15 and a twelve month high of C$72.72. The stock has a market cap of C$41.19 billion, a PE ratio of 24.94, a P/E/G ratio of 1.58 and a beta of 0.30. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 80.92. The business's 50-day moving average price is C$66.73 and its 200-day moving average price is C$66.01.

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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