Analysts Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$59.29

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have been given an average rating of "Moderate Buy" by the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$59.29.

PPL has been the topic of several analyst reports. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. 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. Royal Bank Of Canada dropped their price objective on Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 price objective on the stock in a research note on Thursday, June 26th. Finally, UBS Group lowered their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th.

Insiders Place Their Bets

In related news, Director Andy Mah bought 4,105 shares of the stock in a transaction dated Wednesday, April 9th. The stock was 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 bought 1,100 shares of the business's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of C$53.61 per share, for a total transaction of C$58,971.00. 0.05% of the stock is owned by corporate insiders.

Pembina Pipeline Price Performance

TSE PPL traded down C$0.19 during midday trading on Friday, hitting C$50.94. The company had a trading volume of 1,198,747 shares, compared to its average volume of 3,481,148. The company has a market capitalization of C$29.45 billion, a PE ratio of 14.78, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.72. The firm has a 50-day moving average price of C$52.06 and a 200-day moving average price of C$52.94.

About Pembina Pipeline

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.