Pembina Pipeline (TSE:PPL) Lowered to Underperform Rating by Wells Fargo & Company

Key Points

• Pembina Pipeline has been downgraded by Wells Fargo & Company from an "equal weight" rating to an "underperform" rating, with a price target of C$50.00.
• Several other brokerages have provided mixed ratings, with Barclays maintaining an "overweight" rating and a price objective of C$57.00, while National Bank upgraded to a "strong-buy" rating with a C$56.00 target.
• The stock's current price is C$50.56, reflecting a trading volume of 1,931,170 shares, and it has experienced a 1-year low of C$48.35 and a high of C$60.72.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA was downgraded by research analysts at Wells Fargo & Company from an "equal weight" rating to an "underperform" rating in a note issued to investors on Wednesday, August 6th, MarketBeat Ratings reports. They currently have a C$50.00 price objective on the stock. Wells Fargo & Company's price target would suggest a potential upside of 1.71% from the company's previous close.

A number of other equities analysts also recently commented on PPL. Royal Bank Of Canada lowered their target price on shares of Pembina Pipeline from C$65.00 to C$62.00 in a research note on Monday, May 12th. Jefferies Financial Group downgraded shares of Pembina Pipeline from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$61.00 to C$53.00 in a research note on Wednesday, July 23rd. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price for the company in a research note on Thursday, June 26th. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. reduced their price target 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$57.91.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$49.16 on Wednesday. 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 firm has a fifty day moving average price of C$50.84 and a 200 day moving average price of C$52.43. The company has a market cap of C$28.42 billion, a P/E ratio of 14.27, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$60.72.

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.