Pembina Pipeline Co. (TSE:PPL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$58.10.

PPL has been the subject of several recent research reports. Jefferies Financial Group lowered Pembina Pipeline from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$61.00 to C$53.00 in a research report on Wednesday, July 23rd. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “equal weight” rating to an “underperform” rating and set a C$50.00 price objective for the company. in a research note on Wednesday, August 6th. National Bankshares raised shares of Pembina Pipeline from a “sector perform” rating to an “outperform” rating and set a C$56.00 price objective for the company in a research note on Thursday, June 26th. Raymond James Financial raised their price objective on shares of Pembina Pipeline from C$63.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada set a C$62.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Thursday, August 28th.

Pembina Pipeline Trading Up 0.9%

PPL opened at C$54.93 on Friday. The firm has a market cap of C$31.91 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.58 and a beta of 0.72. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$60.72. 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 stock has a 50-day moving average of C$51.61 and a 200 day moving average of C$52.43.

About Pembina Pipeline

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.