UBS Group Cuts Pembina Pipeline (TSE:PPL) Price Target to C$57.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective trimmed by UBS Group from C$62.00 to C$57.00 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on the company. TD Securities set a C$66.00 target price on Pembina Pipeline and gave the company a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. BMO Capital Markets lowered their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Raymond James boosted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. Finally, Barclays set a C$63.00 price objective on Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus price target of C$59.31.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$54.39 on Wednesday. The stock has a market capitalization of C$31.44 billion, a P/E ratio of 15.79, a PEG ratio of 1.58 and a beta of 1.48. The firm’s 50 day moving average is C$52.89 and its 200 day moving average is C$55.09. Pembina Pipeline has a 12 month low of C$46.71 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.

Insider Buying and Selling at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 18,106 shares of Pembina Pipeline stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$55.43, for a total value of C$1,003,615.58. Company insiders own 0.05% of the company’s stock.

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.