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

Key Points

• Pembina Pipeline Co. has received a consensus recommendation of "Moderate Buy" from twelve ratings firms, with a current average 12-month price target of C$57.91.
• The stock currently trades at C$50.68, having experienced a one-year low of C$48.35 and a high of C$60.72.
• Recent rating changes include a downgrade by Jefferies Financial Group from "buy" to "hold", while National Bankshares upgraded the company to an "outperform" rating.

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have earned an average rating of "Moderate Buy" from the twelve brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation 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$57.91.

Several analysts have recently commented on PPL shares. Royal Bank Of Canada decreased their price target on shares of Pembina Pipeline from C$65.00 to C$62.00 in a research note on Monday, May 12th. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Raymond James Financial increased their price target on shares of Pembina Pipeline from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Jefferies Financial Group cut shares of Pembina Pipeline from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$61.00 to C$53.00 in a research note on Wednesday, July 23rd. Finally, Barclays reduced their price objective on shares of Pembina Pipeline from C$58.00 to C$57.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th.

Pembina Pipeline Price Performance

Shares of TSE PPL traded up C$0.36 during mid-day trading on Monday, hitting C$52.52. 559,951 shares of the stock were exchanged, compared to its average volume of 3,286,556. The company has a market cap of C$30.36 billion, a P/E ratio of 15.24, a PEG ratio of 1.58 and a beta of 1.48. The stock's fifty day simple moving average is C$50.79 and its two-hundred day simple moving average is C$52.36. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.72.

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.