Pembina Pipeline Co. (TSE:PPL) Stock Has Average Target Price of C$68.86 According to Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$68.86.

PPL has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets raised their price target on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Friday, July 3rd. National Bank Financial raised their target price on Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. BMO Capital Markets lifted their target price on Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “hold” rating and upped their price target for the company from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company raised Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th.

Pembina Pipeline Stock Performance

Shares of TSE:PPL opened at C$64.24 on Tuesday. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50. Pembina Pipeline has a 1 year low of C$50.15 and a 1 year high of C$72.72. The firm has a market capitalization of C$37.36 billion, a PE ratio of 22.62, a P/E/G ratio of 1.58 and a beta of 0.24. The business’s 50 day moving average price is C$67.86 and its 200-day moving average price is C$65.50.

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.