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

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$58.55.

A number of analysts recently issued reports on the stock. CIBC increased their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Royal Bank Of Canada set a C$62.00 target price on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Jefferies Financial Group increased their target price on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research report on Wednesday. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “equal weight” rating to an “underperform” rating and set a C$50.00 target price for the company. in a research report on Wednesday, August 6th. Finally, Raymond James Financial upped their price target on Pembina Pipeline from C$63.00 to C$64.00 and gave the stock an “outperform” rating in a report on Monday, August 11th.

Pembina Pipeline Stock Up 0.6%

PPL opened at C$53.06 on Friday. The firm has a 50 day moving average price of C$54.05 and a 200 day moving average price of C$52.41. The company has a market cap of C$30.82 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68. Pembina Pipeline has a 1 year low of C$48.35 and a 1 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.

About Pembina Pipeline

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.