Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$68.86.

A number of analysts have commented on the stock. Wells Fargo & Company upgraded shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th. Scotia increased their price objective on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a report on Friday, July 3rd. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and raised their price objective for the company from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. ATB Cormark Capital Markets raised their price objective on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday, July 3rd. Finally, BMO Capital Markets boosted their target price on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a report on Friday, July 31st.

Pembina Pipeline Price Performance

Shares of PPL opened at C$63.20 on Tuesday. Pembina Pipeline has a one year low of C$50.15 and a one year high of C$72.72. The stock’s fifty day moving average is C$67.69 and its 200-day moving average is C$65.48. The company has a debt-to-equity ratio of 80.92, a quick ratio of 0.50 and a current ratio of 0.62. The firm has a market capitalization of C$36.75 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.24.

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.