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

Key Points

• Pembina Pipeline Co. has received a consensus rating of "Moderate Buy" from eleven brokerages, with an average 12-month target price of C$58.10.
• Recent ratings changes include a downgrade from Jefferies Financial Group and a price target reduction by Barclays, while Raymond James Financial raised their price target, reflecting mixed analyst sentiments.
• The stock is currently trading at C$53.95, with a 12-month price range between C$48.35 and C$60.72.

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have earned an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$58.10.

Several equities research analysts have issued reports on PPL shares. Jefferies Financial Group downgraded Pembina Pipeline from a "buy" rating to a "hold" rating and cut their price target for the company from C$61.00 to C$53.00 in a report on Wednesday, July 23rd. Barclays cut their price target on Pembina Pipeline from C$58.00 to C$57.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Raymond James Financial raised their price target on Pembina Pipeline from C$63.00 to C$64.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Wells Fargo & Company downgraded Pembina Pipeline from an "equal weight" rating to an "underperform" rating and set a C$50.00 price target for the company. in a report on Wednesday, August 6th. Finally, National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th.

Pembina Pipeline Trading Up 0.5%

TSE PPL opened at C$53.95 on Friday. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$60.72. The stock has a 50 day moving average of C$51.20 and a 200-day moving average of C$52.41. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The company has a market cap of C$31.34 billion, a PE ratio of 18.23, a PEG ratio of 1.58 and a beta of 0.72.

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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