Pembina Pipeline (TSE:PPL) Given New C$64.00 Price Target at Raymond James Financial

Key Points

• Raymond James Financial has raised its price target for Pembina Pipeline from C$63.00 to C$64.00, indicating a potential upside of 30.08% from the stock's previous close.
• Other analysts have varied opinions, with Royal Bank of Canada reducing its target to C$62.00 and Wells Fargo downgrading it to C$50.00, while Pembina currently holds a consensus rating of "Moderate Buy".
• Pembina Pipeline's stock traded at C$49.20 on Monday, with a market capitalization of C$28.44 billion and a P/E ratio of 14.28.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its target price upped by investment analysts at Raymond James Financial from C$63.00 to C$64.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's price target indicates a potential upside of 26.28% from the stock's current price.

Several other research analysts have also recently weighed in on PPL. 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 research note on Wednesday, August 6th. Jefferies Financial Group cut shares of Pembina Pipeline from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$61.00 to C$53.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their target price on shares of Pembina Pipeline from C$65.00 to C$62.00 in a research note on Monday, May 12th. Barclays lowered their target price on shares of 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, National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$57.91.

Pembina Pipeline Stock Performance

TSE:PPL traded down C$0.03 during trading hours on Monday, reaching C$50.68. The company had a trading volume of 4,222,345 shares, compared to its average volume of 3,313,353. The firm's 50 day moving average price is C$50.78 and its 200-day moving average price is C$52.39. The firm has a market cap of C$29.30 billion, a price-to-earnings ratio of 14.71, a PEG 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. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

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.