Pembina Pipeline (TSE:PPL) Given New C$65.00 Price Target at TD Securities

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price cut by TD Securities from C$66.00 to C$65.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. Jefferies Financial Group boosted their price target on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Wells Fargo & Company lowered shares of Pembina Pipeline from an “equal weight” rating to an “underperform” rating and set a C$50.00 target price on the stock. in a research note on Wednesday, August 6th. BMO Capital Markets dropped their price target on Pembina Pipeline from C$59.00 to C$57.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Raymond James Financial increased their price target on Pembina Pipeline from C$63.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, Royal Bank Of Canada set a C$62.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$58.45.

Pembina Pipeline Price Performance

PPL stock traded down C$1.82 during midday trading on Friday, reaching C$52.04. The stock had a trading volume of 5,169,263 shares, compared to its average volume of 3,312,170. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week 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. The company’s fifty day simple moving average is C$54.15 and its 200 day simple moving average is C$52.44. The company has a market cap of C$30.23 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.66.

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.