Royal Bank of Canada Issues Pessimistic Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA had its price objective reduced by Royal Bank of Canada from C$65.00 to C$62.00 in a research report report published on Monday,BayStreet.CA reports.

PPL has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their price objective 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. TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the company a "buy" rating in a report on Wednesday, January 15th. UBS Group decreased their price objective on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Raymond James lifted their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Finally, Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Pembina Pipeline has an average rating of "Moderate Buy" and a consensus price target of C$59.13.

Pembina Pipeline Stock Performance

PPL stock traded up C$0.07 during trading on Monday, reaching C$52.56. 3,944,288 shares of the stock were exchanged, compared to its average volume of 3,185,544. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.72. The company has a market capitalization of C$30.38 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock has a 50 day simple moving average of C$53.89 and a 200-day simple moving average of C$54.30. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

Insider Buying and Selling

In related news, Senior Officer Janet C. Loduca sold 5,338 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$55.46, for a total value of C$296,045.48. Also, Director Henry William Sykes bought 1,100 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of C$53.61 per share, with a total value of C$58,971.00. Insiders purchased 18,089 shares of company stock worth $955,839 in the last quarter. Insiders own 0.05% of the company's stock.

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.