Pembina Pipeline Co. (TSE:PPL) Stock Has Average Target Price of C$68.86 According to Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$68.86.

PPL has been the topic of a number of recent research reports. National Bank Financial lifted their target price on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. BMO Capital Markets upped their price target on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Scotiabank downgraded shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and lifted their price objective for the company from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the stock an “outperformer” rating in a research report on Friday, July 3rd.

Pembina Pipeline Stock Performance

PPL opened at C$63.89 on Tuesday. The business’s 50-day moving average price is C$67.54 and its two-hundred day moving average price is C$65.54. Pembina Pipeline has a 1 year low of C$50.15 and a 1 year high of C$72.72. The company has a market capitalization of C$37.16 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 1.58 and a beta of 0.24. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50.

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.