Henry William Sykes Buys 1,100 Shares of Pembina Pipeline Co. (TSE:PPL) Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Director Henry William Sykes bought 1,100 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was bought at an average price of C$53.61 per share, for a total transaction of C$58,971.00.

Pembina Pipeline Price Performance

PPL stock opened at C$52.88 on Friday. The firm has a 50 day moving average of C$54.22 and a 200-day moving average of C$55.38. The firm has a market capitalization of C$30.57 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline Co. has a 12 month low of C$46.71 and a 12 month high of C$60.72. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PPL shares. Barclays set a C$63.00 price target on Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “neutral” rating in a report on Monday, March 31st. UBS Group cut their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Finally, Raymond James lifted their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$59.31.

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.