Pembina Pipeline Co. (PPL) Given Consensus Rating of “Buy” by Brokerages

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.

Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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