Pembina Pipeline Co. (TSE:PPL) Receives C$58.10 Consensus PT from 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 been given an average recommendation of "Moderate Buy" by the eleven brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$58.10.

PPL has been the subject of several recent research reports. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 price target for the company in a report on Thursday, June 26th. BMO Capital Markets cut their price target on Pembina Pipeline from C$59.00 to C$57.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Raymond James Financial boosted 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. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Royal Bank Of Canada set a C$62.00 price target on Pembina Pipeline and gave the company an "outperform" rating in a report on Thursday, August 28th.

Pembina Pipeline Stock Performance

Shares of PPL traded up C$0.30 during trading hours on Friday, hitting C$54.43. The stock had a trading volume of 4,140,484 shares, compared to its average volume of 3,401,311. The stock has a fifty day moving average price of C$51.52 and a 200 day moving average price of C$52.44. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$60.72. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The firm has a market capitalization of C$31.62 billion, a PE ratio of 18.39, 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.