National Bank Financial Boosts Pembina Pipeline (TSE:PPL) Price Target to C$61.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target raised by National Bank Financial from C$60.00 to C$61.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential downside of 0.67% from the stock’s previous close.

PPL has been the subject of a number of other research reports. TD Securities upped their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 and gave the stock a “hold” rating in a report on Friday. Barclays boosted their price target on shares of Pembina Pipeline from C$57.00 to C$62.00 in a research report on Monday. ATB Cormark Capital Markets set a C$61.00 price objective on shares of Pembina Pipeline and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Royal Bank Of Canada raised their target price on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, BMO Capital Markets lowered Pembina Pipeline from an “outperform” rating to a “hold” rating and upped their price target for the company from C$58.00 to C$60.00 in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$60.67.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded up C$1.46 during mid-day trading on Monday, reaching C$61.41. 1,454,397 shares of the stock traded hands, compared to its average volume of 2,428,286. The stock has a market capitalization of C$35.68 billion, a PE ratio of 21.93, a PEG ratio of 1.58 and a beta of 0.62. The business has a 50-day moving average of C$55.53 and a 200 day moving average of C$54.30. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$61.81. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The firm had revenue of C$1.91 billion for the quarter. On average, analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.

About Pembina Pipeline

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.