Pembina Pipeline (TSE:PPL) Price Target Raised to C$67.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by Raymond James Financial from C$66.00 to C$67.00 in a report released on Tuesday morning,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada set a C$62.00 price target on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Thursday, August 28th. CIBC upped their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Jefferies Financial Group raised their target price on Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. Finally, TD Securities dropped their price target on Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$58.64.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$50.67 on Tuesday. The business has a 50 day moving average of C$53.50 and a 200 day moving average of C$52.63. Pembina Pipeline has a 52 week low of C$48.35 and a 52 week high of C$59.20. The company has a market cap of C$29.44 billion, a PE ratio of 18.10, a P/E/G ratio of 1.58 and a beta of 0.60. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. The business had revenue of C$1.79 billion for the quarter. As a group, equities research analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current year.

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.