Pembina Pipeline Co. (TSE:PPL) Given Average Rating of “Moderate Buy” by Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$59.33.

A number of equities analysts have recently weighed in on PPL shares. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Raymond James boosted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. UBS Group lowered their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped 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 report on Tuesday, April 15th.

Insider Buying and Selling

In other news, Director Andy Mah acquired 4,105 shares of Pembina Pipeline stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost of C$48.84 per share, for a total transaction of C$200,488.20. Also, Senior Officer Janet C. Loduca sold 5,338 shares of Pembina Pipeline stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total transaction of C$296,045.48. Insiders purchased 18,089 shares of company stock valued at $955,839 in the last three months. 0.05% of the stock is owned by corporate insiders.

Pembina Pipeline Trading Down 5.9 %

Shares of Pembina Pipeline stock opened at C$51.65 on Friday. The stock has a 50 day moving average of C$54.14 and a 200 day moving average of C$54.53. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The firm has a market capitalization of C$29.86 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$60.72.

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.