Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price raised by equities researchers at Jefferies Financial Group from C$53.00 to C$54.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 2.39% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “equal weight” rating to an “underperform” rating and set a C$50.00 price objective for the company. in a report on Wednesday, August 6th. Raymond James Financial upped their price target on shares of 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. BMO Capital Markets cut their price target on shares of Pembina Pipeline from C$59.00 to C$57.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada set a C$62.00 price target on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, CIBC upped their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.55.

Pembina Pipeline Stock Performance

TSE PPL opened at C$52.74 on Wednesday. Pembina Pipeline has a 52-week low of C$48.35 and a 52-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 capitalization of C$30.64 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.58 and a beta of 0.68. The company has a fifty day moving average of C$54.04 and a 200-day moving average of C$52.40.

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.