Pembina Pipeline Co. (TSE:PPL) Receives Average Rating of “Moderate Buy” from Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$68.86.

Several research firms have recently weighed in on PPL. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th. BMO Capital Markets upped their price target on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. ATB Cormark Capital Markets raised their price objective on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Friday, July 3rd. Citigroup cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and lifted their price objective for the stock from C$63.00 to C$70.00 in a research report on Monday, May 18th. Finally, TD Securities raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th.

Pembina Pipeline Trading Down 0.3%

Shares of PPL opened at C$67.06 on Friday. The business’s 50-day moving average price is C$68.36 and its 200 day moving average price is C$64.87. The stock has a market capitalization of C$39.00 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.58 and a beta of 0.24. Pembina Pipeline has a 1-year low of C$50.15 and a 1-year high of C$72.72. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92.

About Pembina Pipeline

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.