Pembina Pipeline (TSE:PPL) Price Target Lowered to C$59.00 at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price cut by JPMorgan Chase & Co. from C$62.00 to C$59.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a neutral rating on the stock.

PPL has been the topic of a number of other research reports. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Raymond James upped their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, UBS Group decreased their target price on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$59.13.

Pembina Pipeline Price Performance

Shares of TSE PPL opened at C$51.70 on Tuesday. Pembina Pipeline has a fifty-two week low of C$46.71 and a fifty-two week high of C$60.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company has a market cap of C$29.89 billion, a PE ratio of 15.01, a P/E/G ratio of 1.58 and a beta of 1.48. The business has a 50-day simple moving average of C$53.92 and a two-hundred day simple moving average of C$55.10.

Insider Activity

In related news, Director Andy Mah acquired 4,105 shares of Pembina Pipeline stock in a transaction on Wednesday, April 9th. The stock was bought at an average cost of C$48.84 per share, for a total transaction of C$200,488.20. Also, Director Henry William Sykes acquired 1,100 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were bought at an average cost of C$53.61 per share, for a total transaction of C$58,971.00. Insiders have acquired 18,089 shares of company stock worth $955,839 in the last ninety days. Company insiders own 0.05% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.