BMO Capital Markets Boosts Pembina Pipeline (TSE:PPL) Price Target to C$63.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by research analysts at BMO Capital Markets from C$60.00 to C$63.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 3.23% from the stock’s previous close.

A number of other research firms have also commented on PPL. Barclays upped their price objective on shares of Pembina Pipeline from C$57.00 to C$62.00 in a research note on Monday, March 2nd. TD Securities upped their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Royal Bank Of Canada upped their price objective on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. National Bank Financial upped their price objective on shares of Pembina Pipeline from C$60.00 to C$61.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, ATB Cormark Capital Markets upped their price objective on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Hold” and a consensus price target of C$62.09.

Pembina Pipeline Trading Down 1.6%

Shares of TSE:PPL traded down C$1.00 during trading on Wednesday, reaching C$61.03. The stock had a trading volume of 1,200,440 shares, compared to its average volume of 2,627,347. The firm’s fifty day moving average is C$60.26 and its 200 day moving average is C$55.99. The company has a debt-to-equity ratio of 82.58, a quick ratio of 0.50 and a current ratio of 0.61. Pembina Pipeline has a 52 week low of C$48.35 and a 52 week high of C$64.27. The stock has a market cap of C$35.47 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 1.58 and a beta of 0.36.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 EPS for the quarter. Pembina Pipeline had a net margin of 21.66% and a return on equity of 9.91%. The company had revenue of C$1.91 billion for the quarter. As a group, equities analysts forecast that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.