Pembina Pipeline Co. (TSE:PPL) Receives C$59.33 Consensus PT from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Six 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 12-month price objective among brokers that have issued a report on the stock in the last year is C$59.33.

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

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$51.93 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. Pembina Pipeline has a one year low of C$46.70 and a one year high of C$60.72. The company has a market cap of C$30.02 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.58 and a beta of 1.48. The firm has a 50 day simple moving average of C$52.62 and a 200 day simple moving average of C$54.99.

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.