Pembina Pipeline (TSE:PPL) Given New C$59.00 Price Target at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA had its target price decreased by JPMorgan Chase & Co. from C$62.00 to C$59.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Raymond James boosted their price target on Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Wells Fargo & Company lowered shares of Pembina Pipeline from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from C$63.00 to C$57.00 in a report on Wednesday, December 18th. UBS Group lowered their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Finally, TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus target price of C$59.13.

Pembina Pipeline Price Performance

Shares of PPL stock traded up C$0.71 during trading hours on Tuesday, hitting C$52.56. The company's stock had a trading volume of 3,401,140 shares, compared to its average volume of 3,248,229. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a twelve month low of C$47.03 and a twelve month high of C$60.72. The stock has a market cap of C$30.38 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.58 and a beta of 1.48. The business has a fifty day moving average of C$53.91 and a 200-day moving average of C$55.04.

Insider Activity

In other news, Senior Officer Janet C. Loduca sold 5,338 shares of the firm's 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, Senior Officer Chris Scherman purchased 797 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of C$54.05 per share, with a total value of C$43,077.85. Insiders have bought 18,089 shares of company stock valued at $955,839 in the last three months. Corporate insiders own 0.05% of the company's stock.

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.