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

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

Several other research firms have also weighed in on PPL. Barclays dropped 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. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada dropped their price target on Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th. 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. Finally, JPMorgan Chase & Co. dropped their target price on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$58.64.

Pembina Pipeline Trading Down 0.4%

Shares of Pembina Pipeline stock traded down C$0.20 on Wednesday, reaching C$50.40. 5,326,597 shares of the company were exchanged, compared to its average volume of 3,393,344. The stock has a fifty day moving average price of C$51.14 and a 200-day moving average price of C$52.66. The firm has a market capitalization of C$29.14 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week 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.