Pembina Pipeline (TSE:PPL) Downgraded by Jefferies Financial Group to "Hold"

Jefferies Financial Group cut shares of Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA from a buy rating to a hold rating in a report published on Wednesday morning,BayStreet.CA reports. Jefferies Financial Group currently has C$53.00 price objective on the stock, down from their previous price objective of C$61.00.

A number of other equities research analysts also recently commented on PPL. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. decreased their target price on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays decreased their target price 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 target price for the company in a report on Thursday, June 26th. Finally, Royal Bank Of Canada decreased their target price on Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$58.64.

Pembina Pipeline Stock Down 0.4%

TSE PPL traded down C$0.20 during trading on Wednesday, hitting C$50.40. The company's stock had a trading volume of 5,326,597 shares, compared to its average volume of 3,393,344. 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 fifty-two week low of C$48.35 and a fifty-two week high of C$60.72. The company has a market cap of C$29.14 billion, a PE ratio of 14.63, a P/E/G ratio of 1.58 and a beta of 1.48. The business's 50 day simple moving average is C$51.14 and its 200-day simple moving average is C$52.66.

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.