Pembina Pipeline (TSE:PPL) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Pembina Pipeline Co. (TSE:PPLGet Free Report) (NYSE:PBA)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.40 and traded as high as C$54.86. Pembina Pipeline shares last traded at C$54.71, with a volume of 2,232,439 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on PPL. CIBC increased 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. 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. Wells Fargo & Company downgraded 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. Raymond James Financial increased their target price on Pembina Pipeline from C$63.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Finally, Barclays cut their price target on Pembina Pipeline from C$58.00 to C$57.00 and set an “overweight” rating for the company in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.45.

Get Our Latest Research Report on Pembina Pipeline

Pembina Pipeline Trading Up 0.2%

The stock has a market cap of C$31.78 billion, a P/E ratio of 18.48, a PEG ratio of 1.58 and a beta of 0.68. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The business’s 50 day simple moving average is C$53.42 and its 200 day simple moving average is C$52.40.

Pembina Pipeline Company Profile

(Get Free Report)

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.

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