National Bankshares upgraded shares of Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA from a sector perform rating to an outperform rating in a research report report published on Thursday morning,BayStreet.CA reports. They currently have C$56.00 price objective on the stock.
A number of other research firms also recently weighed in on PPL. UBS Group decreased their price target on Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Royal Bank Of Canada decreased their price target on Pembina Pipeline from C$65.00 to C$62.00 in a research note on Monday, May 12th. JPMorgan Chase & Co. decreased their price target on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Raymond James Financial lifted their price target on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$59.29.
Read Our Latest Stock Report on Pembina Pipeline
Pembina Pipeline Stock Performance
Shares of TSE:PPL traded down C$0.70 during trading on Thursday, reaching C$50.98. The company had a trading volume of 5,461,971 shares, compared to its average volume of 3,493,944. The firm has a market capitalization of C$29.47 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The stock's fifty day moving average price is C$52.11 and its 200 day moving average price is C$52.99. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$60.72.
Insider Activity
In other Pembina Pipeline news, Director Andy Mah purchased 4,105 shares of Pembina Pipeline stock in a transaction on Wednesday, April 9th. The shares were bought at an average price of C$48.84 per share, with a total value of C$200,488.20. Also, Director Henry William Sykes acquired 1,100 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of C$53.61 per share, for a total transaction of C$58,971.00. Company insiders own 0.05% of the company's stock.
About Pembina Pipeline
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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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