Pembina Pipeline Co. (TSE:PPL) Receives C$59.31 Consensus PT from Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$59.33.

A number of equities analysts recently commented on PPL shares. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. JPMorgan Chase & Co. cut their target price on Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th. UBS Group reduced 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, Raymond James lifted their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd.

Insider Buying and Selling

In related news, Senior Officer Janet C. Loduca sold 5,338 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total transaction of C$296,045.48. Also, Senior Officer J. Scott Burrows sold 18,106 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$55.43, for a total transaction of C$1,003,615.58. Over the last 90 days, insiders have purchased 18,089 shares of company stock valued at $955,839. Corporate insiders own 0.05% of the company’s stock.

Pembina Pipeline Stock Up 1.4 %

Shares of TSE:PPL opened at C$52.56 on Tuesday. 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 fifty-two week low of C$47.03 and a fifty-two week high of C$60.72. The stock has a market cap of C$30.38 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The firm’s 50 day moving average price is C$53.91 and its 200 day moving average price is C$55.03.

Pembina Pipeline Company Profile

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.