Pembina Pipeline (TSE:PPL) Price Target Raised to C$80.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price increased by TD from C$79.00 to C$80.00 in a research note issued to investors on Monday morning,BayStreet reports. They currently have a buy rating on the stock.

PPL has been the topic of several other reports. Wells Fargo & Company upgraded Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce lowered Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 target price for the company. in a research report on Thursday, October 22nd. BMO Capital Markets upped 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. Scotiabank downgraded Pembina Pipeline from a “sector outperform” rating to a “hold” rating and increased their price target for the stock from C$69.00 to C$73.00 in a research report on Tuesday, July 21st. Finally, Barclays increased their price target on Pembina Pipeline from C$69.00 to C$70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$69.64.

Pembina Pipeline Trading Down 1.8%

TSE PPL opened at C$68.01 on Monday. The stock has a market cap of C$39.55 billion, a PE ratio of 23.95, a PEG ratio of 1.58 and a beta of 0.42. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72. The company’s 50-day moving average price is C$67.42 and its 200-day moving average price is C$64.63. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92.

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.