Pembina Pipeline (TSE:PPL) Price Target Raised to C$80.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by TD from C$79.00 to C$80.00 in a research note issued on Monday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s target price points to a potential upside of 12.87% from the stock’s current price.

Other research analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce lowered Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price objective for the company. in a research report on Thursday, October 22nd. ATB Cormark Capital Markets boosted their target price on Pembina Pipeline from C$77.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Barclays increased their price target on 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. Wells Fargo & Company raised Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “hold” rating and raised their price target for the company from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and a consensus price target of C$69.64.

Pembina Pipeline Price Performance

PPL traded down C$0.83 during trading on Monday, reaching C$70.88. 573,223 shares of the company traded hands, compared to its average volume of 2,433,396. The company has a market cap of C$41.22 billion, a P/E ratio of 24.96, a PEG ratio of 1.58 and a beta of 0.30. The company has a debt-to-equity ratio of 80.92, a quick ratio of 0.50 and a current ratio of 0.62. Pembina Pipeline has a 12-month low of C$50.15 and a 12-month high of C$72.72. The firm has a fifty day simple moving average of C$67.29 and a 200 day simple moving average of C$64.39.

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.