Pembina Pipeline Co. (TSE:PPL) Receives C$59.29 Consensus Price Target from Brokerages

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has been given an average recommendation of "Moderate Buy" by the eleven analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$59.29.

PPL has been the topic of a number of analyst reports. Raymond James Financial increased their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, UBS Group cut their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th.

Pembina Pipeline Stock Down 1.4%

TSE:PPL traded down C$0.70 during trading hours on Friday, reaching C$50.98. The company's stock had a trading volume of 5,461,971 shares, compared to its average volume of 3,493,944. 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 company has a market cap 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. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$60.72. The business's 50-day moving average is C$52.11 and its 200-day moving average is C$52.99.

Insiders Place Their Bets

In other news, Director Henry William Sykes purchased 1,100 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of C$53.61 per share, with a total value of C$58,971.00. Also, Director Andy Mah purchased 4,105 shares of Pembina Pipeline stock in a transaction on 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. Corporate insiders own 0.05% of the company's stock.

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.