Pembina Pipeline Co. (TSE:PPL) Receives C$68.86 Consensus Target Price from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$68.86.

Several equities analysts have recently weighed in on PPL shares. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and increased their price objective for the company from C$69.00 to C$73.00 in a research report on Tuesday, July 21st. Citigroup downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and lifted their target price for the stock from C$63.00 to C$70.00 in a report on Monday, May 18th. BMO Capital Markets upped their price target on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. TD raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and increased their price target for the company from C$65.00 to C$75.00 in a report on Tuesday, May 26th. Finally, Scotia raised their price objective on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 3rd.

Pembina Pipeline Price Performance

PPL opened at C$66.74 on Friday. The stock’s fifty day simple moving average is C$68.27 and its 200 day simple moving average is C$64.64. Pembina Pipeline has a 1-year low of C$50.15 and a 1-year high of C$72.72. The stock has a market cap of C$38.81 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.58 and a beta of 0.28. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92.

About Pembina Pipeline

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.