Pembina Pipeline Co. (TSE:PPL) Given Average Rating of “Moderate Buy” by Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$59.36.

A number of brokerages recently weighed in on PPL. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Raymond James increased their price target on Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada reduced their price objective on Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th. Finally, UBS Group dropped their target price on Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th.

Pembina Pipeline Price Performance

TSE PPL opened at C$52.12 on Wednesday. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$60.72. The stock has a 50-day moving average of C$52.76 and a 200 day moving average of C$53.74. 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 capitalization of C$30.13 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.58 and a beta of 1.48.

Insiders Place Their Bets

In related news, Director Henry William Sykes acquired 1,100 shares of Pembina Pipeline stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of C$53.61 per share, for a total transaction of C$58,971.00. Also, Director Andy Mah bought 4,105 shares of the stock in a transaction dated 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. In the last quarter, insiders acquired 18,089 shares of company stock worth $955,839. Corporate 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.