Pembina Pipeline (PPL) Stock Forecast & Price Target

C$52.94

+0.26 (+0.49%)

(As of 07/26/2024 ET)

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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

Moderate Buy
Based on 10 Analyst Ratings

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$55.00
3.89% Upside

High Forecast	C$60.00
Average Forecast	C$55.00
Low Forecast	C$51.00

According to the 10 analysts' twelve-month price targets for Pembina Pipeline, the average price target is C$55.00. 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 3.89% from the current price of C$52.94.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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 Target	C$55.00	C$54.50	C$53.08	C$50.92
Forecasted Upside	3.89% Upside	10.97% Upside	13.22% Upside	14.83% 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.

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.

Pembina Pipeline Stock vs. The Competition

Type	Pembina Pipeline	Energy Companies
Consensus Rating Score	2.60	2.72
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/24/2024	ATB Capital 4 of 5 stars		Boost Target		C$56.00 ➝ C$58.00	+9.56%
7/15/2024	CIBC 3 of 5 stars		Boost Target		C$59.00 ➝ C$60.00	+16.32%
7/5/2024	Tudor Pickering & Holt 5 of 5 stars		Boost Target		C$55.00 ➝ C$56.00	+9.78%
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$55.00 ➝ C$56.00	+8.95%
6/26/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$53.00 ➝ C$54.00	+7.66%
6/26/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$51.00 ➝ C$52.00	+3.67%
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5/21/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$50.00 ➝ C$53.00	+4.54%
5/19/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Hope Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Strong-Buy ➝ Sector Perform	C$55.00 ➝ C$56.00	+11.33%
5/14/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$53.00 ➝ C$56.00	+11.18%
4/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$55.00 ➝ C$56.00	+16.40%
4/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$51.00 ➝ C$52.00	+8.42%
3/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$52.00 ➝ C$55.00	+14.42%
8/16/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$52.00 ➝ C$51.00	+24.79%
4/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$52.00 ➝ C$49.00	+10.88%
3/29/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$55.00 ➝ C$53.00	+22.94%
12/13/2022	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	C$46.00 ➝ C$47.00	-0.80%
12/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral	C$52.00	+12.14%
9/26/2022	Industrial Alliance Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	C$49.00	+14.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:05 AM 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$55.00, 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 research analysts have issued "buy," "hold," and "sell" ratings for Pembina Pipeline in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 10.88% based on their 12-month stock forecasts.
What analysts cover Pembina Pipeline?: Pembina Pipeline has been rated by research analysts at ATB Capital, 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.