Pembina Pipeline (TSE:PPL) Downgraded by TD Securities to Hold

TD Securities downgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a buy rating to a hold rating in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has C$62.00 price target on the stock, up from their previous price target of C$59.00.

PPL has been the topic of several other research reports. Jefferies Financial Group increased their target price on Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce reduced their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday, December 16th. BMO Capital Markets lowered their price objective on shares of Pembina Pipeline from C$59.00 to C$58.00 in a research report on Tuesday, December 16th. National Bank Financial boosted their target price on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Raymond James Financial increased their price target on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$59.25.

Pembina Pipeline Stock Down 1.7%

Shares of PPL opened at C$59.41 on Tuesday. The company has a market capitalization of C$34.51 billion, a P/E ratio of 21.22, a PEG ratio of 1.58 and a beta of 0.62. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$60.70. The business’s 50 day simple moving average is C$54.30 and its 200-day simple moving average is C$53.75. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.