Pembina Pipeline Co. (TSE:PPL) Given Consensus Rating of “Moderate Buy” by Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$59.13.

PPL has been the subject of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Pembina Pipeline from C$65.00 to C$62.00 in a research note on Monday, May 12th. JPMorgan Chase & Co. cut their price target on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Raymond James boosted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Finally, UBS Group cut their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$52.56 on Friday. The company has a 50 day moving average of C$53.89 and a 200 day moving average of C$54.30. The stock has a market cap of C$30.38 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.58 and a beta of 1.48. 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.

Insider Activity

In other news, Senior Officer Janet C. Loduca sold 5,338 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$55.46, for a total value of C$296,045.48. Also, Senior Officer Chris Scherman acquired 797 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of C$54.05 per share, with a total value of C$43,077.85. In the last 90 days, insiders acquired 18,089 shares of company stock valued at $955,839. Corporate insiders own 0.05% of the company’s stock.

Pembina Pipeline Company Profile

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.