Pembina Pipeline (TSE:PPL) Price Target Raised to C$79.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective lifted by ATB Cormark Capital Markets from C$77.00 to C$79.00 in a research report report published on Friday morning,BayStreet reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on the stock. 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 target for the company. in a research note on Thursday. Wells Fargo & Company upgraded shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and lifted their price objective for the company from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. 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 report on Friday, July 31st. Finally, Scotia upped their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$69.29.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$70.44 on Friday. The firm’s fifty day simple moving average is C$66.98 and its 200-day simple moving average is C$66.33. The stock has a market capitalization of C$40.96 billion, a price-to-earnings ratio of 24.80, a PEG 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.

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.