Pembina Pipeline Co. (TSE:PPL) Receives C$57.91 Consensus PT from Analysts

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 been given an average recommendation of "Moderate Buy" by the twelve ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$57.91.

A number of equities analysts have recently weighed in on the company. 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. 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. Wells Fargo & Company cut 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. Royal Bank Of Canada cut their price target on Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. Finally, Raymond James Financial boosted their price target on Pembina Pipeline from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a report on Monday, August 11th.

Pembina Pipeline Price Performance

Shares of TSE PPL traded up C$0.05 during trading on Monday, reaching C$52.64. The company had a trading volume of 4,449,949 shares, compared to its average volume of 3,309,880. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.72. The stock has a market capitalization of C$30.43 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock has a 50-day moving average price of C$50.81 and a two-hundred day moving average price of C$52.37. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

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.