Pembina Pipeline (TSE:PPL) Shares Cross Above 200-Day Moving Average - Here's What Happened

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA's share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$52.40 and traded as high as C$54.86. Pembina Pipeline shares last traded at C$54.71, with a volume of 2,232,439 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PPL shares. Wells Fargo & Company cut shares of Pembina Pipeline from an "equal weight" rating to an "underperform" rating and set a C$50.00 price target on the stock. in a report on Wednesday, August 6th. National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price on the stock in a research note on Thursday, June 26th. Royal Bank Of Canada set a C$62.00 target price on Pembina Pipeline and gave the company an "outperform" rating in a research note on Thursday, August 28th. Barclays lowered their target price on Pembina Pipeline from C$58.00 to C$57.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Finally, Raymond James Financial boosted their target price on Pembina Pipeline from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$58.45.

Pembina Pipeline Trading Up 0.2%

The company has a fifty day moving average of C$53.42 and a two-hundred day moving average of C$52.40. 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 stock has a market capitalization of C$31.78 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth 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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