Pembina Pipeline Co. (TSE:PPL) Receives C$58.55 Consensus Target Price from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$58.55.

A number of research analysts have issued reports on the company. Barclays decreased their target price on Pembina Pipeline from C$58.00 to C$57.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. Royal Bank Of Canada set a C$62.00 target price on Pembina Pipeline and gave the company an “outperform” rating in a research note on Thursday, August 28th. BMO Capital Markets decreased their target price on Pembina Pipeline from C$59.00 to C$57.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Wells Fargo & Company cut Pembina Pipeline from an “equal weight” rating to an “underperform” rating and set a C$50.00 target price for the company. in a research note on Wednesday, August 6th. Finally, CIBC boosted their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th.

Pembina Pipeline Stock Down 0.2%

Shares of Pembina Pipeline stock opened at C$52.95 on Friday. 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 has a 12 month low of C$48.35 and a 12 month high of C$60.72. The business has a fifty day simple moving average of C$54.06 and a 200 day simple moving average of C$52.42. The stock has a market cap of C$30.76 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68.

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.