ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target upped by stock analysts at ATB Cormark Capital Markets from C$77.00 to C$79.00 in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s price target points to a potential upside of 12.17% from the stock’s current price.

A number of other research firms have also weighed in on PPL. BMO Capital Markets increased their price target on Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce downgraded Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price objective on the stock. in a report on Thursday. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Barclays upped their price objective on shares of Pembina Pipeline from C$69.00 to C$70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Finally, Scotia lifted their target price on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$69.29.

Pembina Pipeline Price Performance

Shares of TSE PPL traded up C$1.30 during mid-day trading on Friday, reaching C$70.43. The company had a trading volume of 788,626 shares, compared to its average volume of 2,451,191. The company has a 50-day moving average price of C$66.94 and a two-hundred day moving average price of C$66.27. The stock has a market cap of C$40.96 billion, a PE ratio of 24.80, a P/E/G ratio of 1.58 and a beta of 0.30. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92. Pembina Pipeline has a 1-year low of C$50.15 and a 1-year high of C$72.72.

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.