Pembina Pipeline (TSE:PPL) Price Target Raised to C$64.00 at Royal Bank Of Canada

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by stock analysts at Royal Bank Of Canada from C$62.00 to C$64.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 4.42% from the stock’s current price.

Several other research firms also recently weighed in on PPL. BMO Capital Markets downgraded Pembina Pipeline from an “outperform” rating to a “hold” rating and increased their price target for the stock from C$58.00 to C$60.00 in a research note on Friday. Raymond James Financial increased their target price on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. ATB Cormark Capital Markets set a C$61.00 target price on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Barclays upped their price target on shares of Pembina Pipeline from C$57.00 to C$62.00 in a research note on Monday. Finally, TD Securities raised their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 and gave the stock a “hold” rating in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$60.67.

Pembina Pipeline Stock Performance

Shares of TSE:PPL traded up C$1.34 during mid-day trading on Monday, reaching C$61.29. The company had a trading volume of 1,379,290 shares, compared to its average volume of 2,426,941. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The firm has a market cap of C$35.61 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.58 and a beta of 0.62. The company’s 50-day moving average price is C$55.53 and its 200-day moving average price is C$54.30. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$61.81.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The business had revenue of C$1.91 billion during the quarter. As a group, equities research analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Company Profile

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.