Pembina Pipeline Co. (TSE:PPL) Stock Has Consensus Target Price of C$68.93 According to Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$68.93.

A number of analysts recently commented on PPL shares. Barclays lifted their price objective on Pembina Pipeline from C$69.00 to C$70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “hold” rating and boosted their price objective for the stock from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Scotia upped their target price on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a research report on Friday, July 3rd. ATB Cormark Capital Markets upped their target price on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Friday, July 3rd. Finally, BMO Capital Markets raised their target price 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.

Pembina Pipeline Price Performance

PPL opened at C$71.13 on Friday. Pembina Pipeline has a one year low of C$50.15 and a one year high of C$72.72. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50. The company’s 50 day simple moving average is C$66.92 and its 200-day simple moving average is C$66.22. The stock has a market capitalization of C$41.37 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.30.

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.