Pembina Pipeline (TSE:PPL) Raised to "Strong-Buy" at National Bank Financial

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA was upgraded by stock analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research firms also recently commented on PPL. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Royal Bank Of Canada lowered their price target on shares of Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. UBS Group lowered their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating and set a C$56.00 price target on the stock in a report on Thursday. Finally, Raymond James Financial increased their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$59.29.

Pembina Pipeline Stock Performance

Shares of TSE:PPL traded up C$0.15 during midday trading on Wednesday, reaching C$51.13. The company had a trading volume of 4,240,055 shares, compared to its average volume of 3,499,913. The company's 50 day moving average price is C$52.09 and its 200 day moving average price is C$52.95. 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 cap of C$29.56 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$60.72.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Director Andy Mah purchased 4,105 shares of Pembina Pipeline stock in a transaction on Wednesday, April 9th. The shares were acquired at an average cost of C$48.84 per share, for a total transaction of C$200,488.20. Also, Director Henry William Sykes purchased 1,100 shares of Pembina Pipeline stock in a transaction on Friday, April 4th. The shares were acquired at an average price of C$53.61 per share, for a total transaction of C$58,971.00. 0.05% of the stock is currently owned by corporate insiders.

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.