Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$50.67.
A number of equities research analysts have recently weighed in on PPL shares. J P Morgan Chase & Co lifted their price objective on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. TD Securities boosted their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. National Bank Financial boosted their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Scotiabank boosted their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Finally, CIBC boosted their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 3rd.
Shares of Pembina Pipeline (TSE PPL) traded up C$0.22 during midday trading on Friday, hitting C$44.73. The stock had a trading volume of 894,500 shares, compared to its average volume of 1,111,780. Pembina Pipeline has a twelve month low of C$39.04 and a twelve month high of C$46.17.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.16 annualized dividend and a yield of 4.83%. Pembina Pipeline’s payout ratio is 157.14%.
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Pembina Pipeline Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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