Pembina Pipeline (TSE:PPL) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Pembina Pipeline's share price has recently crossed above its 200-day moving average of C$52.42, reaching a high of C$55.92 before closing at C$55.71.
• Analysts have mixed opinions on the stock, with ratings ranging from Strong Buy to Sell, and a consensus price target of C$58.10.
• The company has a market capitalization of C$32.36 billion and a debt-to-equity ratio of 78.68, indicating a relatively high level of debt compared to equity.

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA's share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$52.42 and traded as high as C$55.92. Pembina Pipeline shares last traded at C$55.71, with a volume of 2,498,854 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on PPL shares. Royal Bank Of Canada set a C$62.00 price target on Pembina Pipeline and gave the stock an "outperform" rating in a research report on Thursday, August 28th. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Raymond James Financial boosted their target price on Pembina Pipeline from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Barclays lowered their price target on Pembina Pipeline from C$58.00 to C$57.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Finally, Jefferies Financial Group lowered shares of Pembina Pipeline from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$61.00 to C$53.00 in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Pembina Pipeline has an average rating of "Moderate Buy" and a consensus price target of C$58.10.

Pembina Pipeline Stock Down 0.3%

The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The firm's fifty day simple moving average is C$52.30 and its 200 day simple moving average is C$52.42. The stock has a market capitalization of C$32.36 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.58 and a beta of 0.72.

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.

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