Pembina Pipeline Upgraded by RBC Capital to “Outperform” (PBA)
Pembina Pipeline (NYSE: PBA) was upgraded by equities researchers at RBC Capital from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $35.00 target price on the stock, up from their previous target price of $31.00.
Shares of Pembina Pipeline opened at 29.64 on Wednesday. Pembina Pipeline has a one year low of $24.15 and a one year high of $30.93. The stock’s 50-day moving average is currently $29.03. The company has a market cap of $8.606 billion and a P/E ratio of 33.42.
The company also recently announced a monthly dividend, which is scheduled for Friday, March 15th. Investors of record on Monday, February 25th will be paid a dividend of $0.14 per share. This represents a $1.62 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Thursday, February 21st.
Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada.
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