Pembina Pipeline (TSE:PPL) Price Target Raised to C$62.00

Key Points

• Analysts at CIBC raised their price target for Pembina Pipeline from C$60.00 to C$62.00, indicating a potential upside of 11.39% based on the stock's previous close.
• The company currently has ratings from different brokerages, with a consensus of "Moderate Buy" and an average target price of C$58.45.
• Pembina Pipeline's stock is trading at C$55.66, down 2.2% from the previous session, with a market cap of C$32.33 billion.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its target price hoisted by analysts at CIBC from C$60.00 to C$62.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's target price points to a potential upside of 11.39% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada set a C$62.00 target price on Pembina Pipeline and gave the stock an "outperform" rating in a research note on Thursday, August 28th. BMO Capital Markets decreased their target price on Pembina Pipeline from C$59.00 to C$57.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 price target on the stock in a research report on Thursday, June 26th. Barclays reduced their price target on Pembina Pipeline from C$58.00 to C$57.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Finally, National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$58.45.

Pembina Pipeline Trading Down 2.2%

PPL traded down C$1.25 during mid-day trading on Thursday, hitting C$55.66. 863,228 shares of the stock were exchanged, compared to its average volume of 3,379,028. The firm's fifty day moving average is C$53.14 and its two-hundred day moving average is C$52.49. Pembina Pipeline has a 1-year low of C$48.35 and a 1-year high of C$60.72. 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 company has a market cap of C$32.33 billion, a PE ratio of 18.80, a PEG ratio of 1.58 and a beta of 0.68.

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.

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