Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) was downgraded by research analysts at Canadian Imperial Bank of Commerce from an “outperformer” rating to a “hold” rating in a report released on Thursday, Marketbeat reports. They presently have a C$71.00 price objective on the stock. Canadian Imperial Bank of Commerce‘s target price would suggest a potential upside of 2.71% from the company’s previous close.
PPL has been the subject of a number of other reports. ATB Cormark Capital Markets lifted their price target on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Friday, July 3rd. BMO Capital Markets boosted their target price on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Scotia boosted their target price on Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 3rd. Scotiabank downgraded Pembina Pipeline from a “sector outperform” rating to a “hold” rating and upped their price target for the company from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Finally, Wells Fargo & Company upgraded shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average target price of C$68.79.
View Our Latest Report on Pembina Pipeline
Pembina Pipeline Stock Performance
Shares of PPL stock opened at C$69.13 on Thursday. 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 firm has a fifty day moving average price of C$66.94 and a 200 day moving average price of C$66.27. The company has a market cap of C$40.20 billion, a P/E ratio of 24.34, a PEG ratio of 1.58 and a beta of 0.30. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72.
Pembina Pipeline Company Profile
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.
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