Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, Barclays Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target hoisted by Barclays from C$69.00 to C$70.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 6.76% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Scotia upped their price objective on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a “sector outperform” rating in a report on Friday, July 3rd. Canadian Imperial Bank of Commerce raised their target price on Pembina Pipeline from C$72.00 to C$73.00 and gave the company an “outperformer” rating in a report on Friday, July 3rd. Wells Fargo & Company raised Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th. ATB Cormark Capital Markets raised their price objective on Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday, July 3rd. Finally, Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “hold” rating and boosted their target price for the stock from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$68.93.

Pembina Pipeline Stock Down 1.2%

PPL stock traded down C$0.80 during midday trading on Wednesday, reaching C$65.57. The company had a trading volume of 1,041,243 shares, compared to its average volume of 2,458,918. 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. The company has a market capitalization of C$38.13 billion, a P/E ratio of 23.09, a PEG ratio of 1.58 and a beta of 0.30. The company has a 50 day moving average of C$66.75 and a two-hundred day moving average of C$65.71.

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.