Royal Bank of Canada Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its price objective lowered by stock analysts at Royal Bank of Canada from C$65.00 to C$62.00 in a research note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada's price objective points to a potential upside of 19.92% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. Raymond James lifted their target price on Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the company a "buy" rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. dropped their price target on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group reduced their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$59.13.

Pembina Pipeline Stock Performance

Shares of PPL traded up C$0.05 during mid-day trading on Monday, hitting C$51.70. The stock had a trading volume of 1,525,677 shares, compared to its average volume of 3,188,950. Pembina Pipeline has a 52 week low of C$48.35 and a 52 week high of C$60.72. The business has a fifty day moving average price of C$54.14 and a 200-day moving average price of C$54.47. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The firm has a market cap of C$29.89 billion, a P/E ratio of 15.01, a PEG ratio of 1.58 and a beta of 1.48.

Insiders Place Their Bets

In related news, Director Henry William Sykes bought 1,100 shares of the company's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of C$53.61 per share, for a total transaction of C$58,971.00. Also, Director Andy Mah purchased 4,105 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were bought at an average price of C$48.84 per share, for a total transaction of C$200,488.20. In the last three months, insiders have purchased 18,089 shares of company stock valued at $955,839. 0.05% of the stock is currently owned by company 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.

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