Pembina Pipeline Co. (TSE:PPL) Stock Has Average Target Price of C$68.93

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$68.93.

A number of equities analysts recently weighed in on PPL shares. ATB Cormark Capital Markets raised their price objective on Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a report on Friday, July 3rd. Barclays upped their target price on Pembina Pipeline from C$69.00 to C$70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “hold” rating and upped their target price for the stock from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Scotia increased their price target on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a research report on Friday, July 3rd. Finally, BMO Capital Markets increased their price target on shares of 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.

Pembina Pipeline Price Performance

PPL opened at C$70.40 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92. The stock has a market capitalization of C$40.94 billion, a P/E ratio of 24.79, a PEG ratio of 1.58 and a beta of 0.30. The stock has a 50-day moving average price of C$66.81 and a 200-day moving average price of C$66.09. Pembina Pipeline has a 12-month low of C$50.15 and a 12-month 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.