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

Key Points

• Pembina Pipeline Co. has received an average consensus recommendation of "Moderate Buy" from eleven brokerages, with a price target of C$58.10.
• Wells Fargo downgraded Pembina from "equal weight" to "underperform", while National Bank raised its rating to "outperform", highlighting varying analyst opinions.
• The stock is currently trading at C$57.36, with a one-year range between C$48.35 and C$60.72, reflecting its performance in the market.

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have received a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$58.10.

Several equities research analysts have issued reports on PPL shares. Wells Fargo & Company cut Pembina Pipeline from an "equal weight" rating to an "underperform" rating and set a C$50.00 target price for the company. in a research note on Wednesday, August 6th. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price for the company in a research note on Thursday, June 26th. BMO Capital Markets cut their target price on Pembina Pipeline from C$59.00 to C$57.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Raymond James Financial raised their target price on Pembina Pipeline from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Finally, National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th.

Pembina Pipeline Price Performance

TSE:PPL opened at C$57.36 on Tuesday. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$60.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The stock has a market cap of C$33.32 billion, a PE ratio of 19.38, a P/E/G ratio of 1.58 and a beta of 0.68. The stock has a 50 day moving average price of C$52.91 and a 200 day moving average price of C$52.43.

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.

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