Pembina Pipeline Co. (TSE:PPL) Receives C$59.31 Average Target Price from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$59.13.

Several brokerages recently issued reports on PPL. JPMorgan Chase & Co. cut their target price on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Raymond James boosted their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. UBS Group decreased their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Finally, TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other Pembina Pipeline news, Director Andy Mah purchased 4,105 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average cost of C$48.84 per share, for a total transaction of C$200,488.20. Also, Director Henry William Sykes acquired 1,100 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of C$53.61 per share, for a total transaction of C$58,971.00. Insiders purchased a total of 18,089 shares of company stock valued at $955,839 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Pembina Pipeline Trading Up 1.4 %

Shares of Pembina Pipeline stock opened at C$52.56 on Tuesday. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. Pembina Pipeline has a 1 year low of C$47.03 and a 1 year high of C$60.72. The firm has a market cap of C$30.38 billion, a PE ratio of 15.25, a PEG ratio of 1.58 and a beta of 1.48. The company has a 50 day simple moving average of C$53.91 and a two-hundred day simple moving average of C$55.05.

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.