Pembina Pipeline Co. (TSE:PPL) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$69.29.

Several equities research analysts recently commented on PPL shares. Scotia raised their target price on 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. ATB Cormark Capital Markets upped their price target on Pembina Pipeline from C$77.00 to C$79.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce cut shares of Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price objective for the company. in a research report on Thursday. Finally, Scotiabank downgraded Pembina Pipeline from a “sector outperform” rating to a “hold” rating and increased their price target for the company from C$69.00 to C$73.00 in a report on Tuesday, July 21st.

Pembina Pipeline Trading Up 1.9%

TSE:PPL opened at C$70.44 on Friday. The business’s 50-day moving average is C$66.98 and its two-hundred day moving average is C$66.30. The firm has a market capitalization of C$40.96 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.58 and a beta of 0.30. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50.

About Pembina Pipeline

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.