Royal Bank of Canada Increases Pembina Pipeline (TSE:PPL) Price Target to C$65.00

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its price target increased by investment analysts at Royal Bank of Canada from C$60.00 to C$65.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price objective indicates a potential upside of 13.06% from the stock's current price.

Several other research analysts have also weighed in on PPL. CIBC boosted their price target on Pembina Pipeline from C$59.00 to C$60.00 in a research report on Monday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a report on Thursday. National Bankshares increased their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research note on Friday, August 23rd. Citigroup lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Finally, BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$57.92.

Pembina Pipeline Stock Up 0.8 %

PPL traded up C$0.43 during trading hours on Thursday, hitting C$57.49. 2,972,583 shares of the company's stock were exchanged, compared to its average volume of 2,843,095. The stock has a market cap of C$33.36 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 1-year low of C$38.79 and a 1-year high of C$57.56. The stock's 50-day moving average is C$54.22 and its two-hundred day moving average is C$51.24. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing analysts' consensus estimates of C$0.76 by C($0.01). The business had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. Sell-side analysts predict that Pembina Pipeline will post 3.3857479 earnings per share for the current fiscal year.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Insiders own 0.05% of the company's stock.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.