TD Securities Downgrades Pembina Pipeline (TSE:PPL) to Hold

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Tuesday,BayStreet.CA reports. They currently have a C$62.00 target price on the stock, up from their previous target price of C$59.00. TD Securities’ price target points to a potential upside of 4.03% from the company’s previous close.

PPL has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Pembina Pipeline from C$59.00 to C$58.00 in a research report on Tuesday, December 16th. Raymond James Financial lifted their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Tuesday, December 16th. National Bank Financial lifted their target price on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, ATB Cormark Capital Markets set a C$61.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$59.25.

Pembina Pipeline Stock Performance

TSE PPL traded down C$0.83 during trading hours on Tuesday, reaching C$59.60. 1,035,010 shares of the company were exchanged, compared to its average volume of 2,346,598. The stock has a market capitalization of C$34.62 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.58 and a beta of 0.62. 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 1 year low of C$48.35 and a 1 year high of C$60.70. The business’s 50 day simple moving average is C$54.21 and its 200-day simple moving average is C$53.69.

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.