Brokerages Set Pembina Pipeline Co. (TSE:PPL) Target Price at C$59.33

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$59.33.

Several equities research analysts have recently commented on the company. BMO Capital Markets lowered their target price on Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Raymond James dropped their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th.

Pembina Pipeline Price Performance

PPL opened at C$56.24 on Monday. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The company’s 50 day simple moving average is C$52.71 and its 200-day simple moving average is C$55.01. Pembina Pipeline has a one year low of C$46.70 and a one year high of C$60.72. The stock has a market capitalization of C$32.51 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.