Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$57.91.

Several research firms have recently issued reports on PPL. Jefferies Financial Group lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$61.00 to C$53.00 in a research note on Wednesday, July 23rd. National Bankshares raised Pembina Pipeline from a “sector perform” rating to an “outperform” rating and set a C$56.00 price target for the company in a report on Thursday, June 26th. Royal Bank Of Canada dropped their price objective on Pembina Pipeline from C$65.00 to C$62.00 in a report on Monday, May 12th. Raymond James Financial boosted their price objective on Pembina Pipeline from C$63.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Finally, Barclays reduced their target price on Pembina Pipeline from C$58.00 to C$57.00 and set an “overweight” rating for the company in a research note on Monday, July 7th.

Pembina Pipeline Stock Down 0.1%

PPL stock opened at C$50.68 on Monday. Pembina Pipeline has a one year low of C$48.35 and a one year 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 firm’s fifty day moving average is C$50.78 and its 200 day moving average is C$52.38. The firm has a market cap of C$29.30 billion, a PE ratio of 14.71, a P/E/G ratio of 1.58 and a beta of 1.48.

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.