Pembina Pipeline Co. (TSE:PPL – Get Free Report) (NYSE:PBA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$64.89 and traded as high as C$67.16. Pembina Pipeline shares last traded at C$66.95, with a volume of 2,018,599 shares.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on PPL shares. Wells Fargo & Company upgraded shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th. TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. BMO Capital Markets increased their target price on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Barclays raised their target price on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and lifted their price target for the stock from C$69.00 to C$73.00 in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus price target of C$68.86.
View Our Latest Stock Analysis on PPL
Pembina Pipeline Stock Performance
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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