Brokerages Set Pembina Pipeline Co. (TSE:PPL) Target Price at C$59.36

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Four 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 12-month target price among analysts that have issued a report on the stock in the last year is C$59.36.

Several brokerages have weighed in on PPL. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Raymond James increased their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. dropped their target price on Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. UBS Group dropped their target price on Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada dropped their target price on Pembina Pipeline from C$65.00 to C$62.00 in a research report on Monday, May 12th.

Insider Buying and Selling

In related news, Director Andy Mah purchased 4,105 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average price of C$48.84 per share, for a total transaction of C$200,488.20. Also, Senior Officer Janet C. Loduca sold 5,338 shares of the 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. Insiders have bought a total of 18,089 shares of company stock valued at $955,839 over the last three months. Company insiders own 0.05% of the company’s stock.

Pembina Pipeline Stock Performance

PPL stock opened at C$51.45 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The firm has a market cap of C$29.74 billion, a P/E ratio of 14.93, 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 stock’s 50 day simple moving average is C$52.40 and its 200 day simple moving average is C$53.57.

About Pembina Pipeline

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.