Brokerages Set Pembina Pipeline Co. (TSE:PPL) PT at C$59.31

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has received an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$59.33.

A number of equities analysts have issued reports on PPL shares. TD Securities set a C$66.00 target price on Pembina Pipeline and gave the stock a "buy" rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. lowered their price objective on Pembina Pipeline from C$62.00 to C$59.00 and set a "neutral" rating for the company in a research note on Tuesday. UBS Group cut their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Finally, Raymond James lifted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded up C$0.71 during mid-day trading on Tuesday, reaching C$52.56. The company had a trading volume of 3,401,140 shares, compared to its average volume of 3,248,229. The business has a fifty day simple moving average of C$53.91 and a 200 day simple moving average of C$55.03. The company has a market cap of C$30.38 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a fifty-two week low of C$47.03 and a fifty-two week high of C$60.72. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer Janet C. Loduca sold 5,338 shares of Pembina Pipeline stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$55.46, for a total value of C$296,045.48. Also, Director Andy Mah acquired 4,105 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were bought at an average cost of C$48.84 per share, for a total transaction of C$200,488.20. In the last three months, insiders have 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.