Pembina Pipeline Corp (PPL) Price Target Raised to C$50.00 at Scotiabank
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) had its price target hoisted by Scotiabank from C$49.00 to C$50.00 in a research note issued to investors on Wednesday. The firm currently has an outperform rating on the stock.
A number of other research analysts have also recently weighed in on the stock. J P Morgan Chase & Co lifted their price target on shares of Pembina Pipeline Corp from C$52.00 to C$53.00 in a research report on Tuesday, September 26th. AltaCorp Capital raised shares of Pembina Pipeline Corp from a sector perform rating to an outperform rating in a research report on Wednesday, July 19th. TD Securities lifted their price target on shares of Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, CIBC lifted their price target on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an outperform rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a buy rating, Pembina Pipeline Corp has a consensus rating of Buy and a consensus target price of C$49.67.
Pembina Pipeline Corp (TSE:PPL) traded down 0.76% during midday trading on Wednesday, reaching $42.84. 1,628,609 shares of the company’s stock were exchanged. The firm has a market capitalization of $17.26 billion and a P/E ratio of 33.47. Pembina Pipeline Corp has a 52 week low of $37.25 and a 52 week high of $44.65. The stock’s 50 day moving average is $41.31 and its 200 day moving average is $42.67.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.18 per share. This is a boost from Pembina Pipeline Corp’s previous monthly dividend of $0.17. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Tuesday, October 24th.
In other news, insider Michael H. Dilger bought 10,000 shares of Pembina Pipeline Corp stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of C$32.32 per share, with a total value of C$323,200.00.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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