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Pembina Pipeline (PPL) Stock Forecast & Price Target

C$52.88
+0.41 (+0.78%)
(As of 07/23/2024 ET)

Pembina Pipeline - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 10 Wall Street analysts who have issued ratings for Pembina Pipeline in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, and 6 have given a buy rating for PPL.

Consensus Price Target

C$54.85
3.72% Upside
High ForecastC$60.00
Average ForecastC$54.85
Low ForecastC$51.00

According to the 10 analysts' twelve-month price targets for Pembina Pipeline, the average price target is C$54.85. The highest price target for PPL is C$60.00, while the lowest price target for PPL is C$51.00. The average price target represents a forecasted upside of 3.72% from the current price of C$52.88.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$54.85C$54.25C$53.08C$50.92
Forecasted Upside3.72% Upside12.08% Upside13.22% Upside14.83% Upside
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PPL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PPL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Pembina Pipeline Stock vs. The Competition

TypePembina PipelineEnergy Companies
Consensus Rating Score
2.60
2.71
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024CIBC
3 of 5 stars
 Boost TargetC$59.00 ➝ C$60.00+16.32%
7/5/2024Tudor Pickering & Holt
5 of 5 stars
 Boost TargetC$55.00 ➝ C$56.00+9.78%
7/3/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuyC$55.00 ➝ C$56.00+8.95%
6/26/2024BMO Capital Markets
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 Boost TargetOutperformC$53.00 ➝ C$54.00+7.66%
6/26/2024National Bankshares
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 Boost TargetC$51.00 ➝ C$52.00+3.67%
5/21/2024Citigroup
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 Boost TargetNeutralC$50.00 ➝ C$53.00+4.54%
5/19/2024Scotiabank
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R. Hope
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Boost TargetStrong-Buy ➝ Sector PerformC$55.00 ➝ C$56.00+11.33%
5/14/2024TD Securities
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 Boost TargetBuyC$53.00 ➝ C$56.00+11.18%
4/19/2024Stifel Nicolaus
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 Boost TargetBuyC$55.00 ➝ C$56.00+16.40%
4/12/2024JPMorgan Chase & Co.
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 Boost TargetNeutralC$51.00 ➝ C$52.00+8.42%
4/5/2024ATB Capital
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 Boost TargetC$55.00 ➝ C$56.00+15.32%
3/7/2024Wells Fargo & Company
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 Boost TargetC$52.00 ➝ C$55.00+14.42%
8/16/2023CSFB
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 Lower TargetC$52.00 ➝ C$51.00+24.79%
4/20/2023Barclays
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 Lower TargetC$52.00 ➝ C$49.00+10.88%
3/29/2023Canaccord Genuity Group
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 Lower TargetC$55.00 ➝ C$53.00+22.94%
12/13/2022Raymond James
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 Boost TargetMarket PerformC$46.00 ➝ C$47.00-0.80%
12/9/2022Credit Suisse Group
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 DowngradeNeutralC$52.00+12.14%
9/26/2022Industrial Alliance Securities
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 Reiterated RatingBuyC$49.00+14.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:28 PM ET.

PPL Forecast - Frequently Asked Questions

What is Pembina Pipeline's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Pembina Pipeline is C$54.85, with a high forecast of C$60.00 and a low forecast of C$51.00.

Should I buy or sell Pembina Pipeline stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pembina Pipeline in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PPL shares.

Does Pembina Pipeline's stock price have much upside?

According to analysts, Pembina Pipeline's stock has a predicted upside of 11.00% based on their 12-month stock forecasts.

What analysts cover Pembina Pipeline?

Pembina Pipeline has been rated by research analysts at BMO Capital Markets, CIBC, Citigroup, Jefferies Financial Group, National Bankshares, Scotiabank, TD Securities, and Tudor Pickering & Holt in the past 90 days.

Do Wall Street analysts like Pembina Pipeline more than its competitors?

Analysts like Pembina Pipeline less than other "energy" companies. The consensus rating score for Pembina Pipeline is 2.60 while the average consensus rating score for "energy" companies is 2.71. Learn more on how PPL compares to other companies.


This page (TSE:PPL) was last updated on 7/23/2024 by MarketBeat.com Staff

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