Brokerages Set Pembina Pipeline Co. (TSE:PPL) PT at C$59.36

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has been given a consensus rating of "Moderate Buy" by the eleven research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$59.36.

Several brokerages have recently issued reports on PPL. Raymond James raised their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Royal Bank of Canada reduced their price target on Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their price objective on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, UBS Group cut their price objective on Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th.

Insider Activity

In other news, Director Henry William Sykes acquired 1,100 shares of the business's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of C$53.61 per share, for a total transaction of C$58,971.00. Also, Director Andy Mah bought 4,105 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average price of C$48.84 per share, for a total transaction of C$200,488.20. Insiders purchased a total of 18,089 shares of company stock valued at $955,839 in the last quarter. 0.05% of the stock is currently owned by company insiders.

Pembina Pipeline Trading Down 0.2%

Pembina Pipeline stock traded down C$0.10 during mid-day trading on Wednesday, hitting C$51.60. The company's stock had a trading volume of 3,242,012 shares, compared to its average volume of 3,162,372. The business has a 50 day moving average price of C$52.65 and a 200-day moving average price of C$53.72. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$60.72. The stock has a market cap of C$29.83 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline Company Profile

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.