Pembina Pipeline Corp (PPL) Rating Reiterated by JPMorgan Chase & Co.
Pembina Pipeline Corp (TSE:PPL)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Thursday. They presently have a C$47.00 target price on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 17.56% from the stock’s previous close.
PPL has been the topic of several other research reports. Royal Bank Of Canada raised their target price on shares of Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Credit Suisse Group AG cut shares of Pembina Pipeline Corp from an “outperform” rating to a “neutral” rating in a report on Monday, June 20th. CSFB cut shares of Pembina Pipeline Corp from an “outperform” rating to a “neutral” rating in a report on Monday, June 20th. GMP Securities assumed coverage on shares of Pembina Pipeline Corp in a report on Monday, June 27th. They issued a “buy” rating on the stock. Finally, National Bank Financial cut shares of Pembina Pipeline Corp from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$41.00 to C$43.00 in a report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$43.69.
Pembina Pipeline Corp (TSE:PPL) opened at 39.98 on Thursday. Pembina Pipeline Corp has a 12-month low of $26.05 and a 12-month high of $41.00. The company has a market cap of $15.67 billion and a PE ratio of 36.98. The stock has a 50 day moving average of $39.66 and a 200 day moving average of $38.48.
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, October 21st. This represents a $1.92 dividend on an annualized basis and a yield of 4.80%.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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