Brokerages Set Pembina Pipeline Co. (TSE:PPL) PT at C$59.33

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have been given an average rating of "Moderate Buy" by the twelve ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$59.13.

Several equities analysts have recently weighed in on PPL shares. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the company a "buy" rating in a report on Wednesday, January 15th. Royal Bank of Canada dropped their target price on shares of Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Raymond James boosted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded up C$0.06 during midday trading on Friday, reaching C$51.83. The company had a trading volume of 1,676,298 shares, compared to its average volume of 3,194,532. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. Pembina Pipeline has a 12-month low of C$48.35 and a 12-month high of C$60.72. The company has a market capitalization of C$29.96 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.58 and a beta of 1.48. The firm's fifty day simple moving average is C$54.09 and its 200-day simple moving average is C$54.42.

Insider Buying and Selling

In related news, Director Henry William Sykes purchased 1,100 shares of Pembina Pipeline stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of C$53.61 per share, with a total value of C$58,971.00. Also, Director Andy Mah acquired 4,105 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average cost of C$48.84 per share, with a total value of C$200,488.20. Over the last three months, insiders acquired 18,089 shares of company stock worth $955,839. Company 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.