Analysts Set Pembina Pipeline Corp (PPL) Target Price at $43.73
Pembina Pipeline Corp (TSE:PPL) has been given a consensus rating of “Buy” by the seventeen brokerages that are presently covering the company. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$44.00.
Several analysts recently weighed in on the company. RBC Capital Markets upped their price objective on Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. CSFB downgraded Pembina Pipeline Corp from an “outperform” rating to a “neutral” rating in a research report on Monday, June 20th. JPMorgan Chase & Co. restated an “overweight” rating and set a C$47.00 price objective on shares of Pembina Pipeline Corp in a research report on Thursday. TD Securities upped their price objective on Pembina Pipeline Corp from C$41.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Finally, GMP Securities assumed coverage on Pembina Pipeline Corp in a research report on Monday, June 27th. They set a “buy” rating for the company.
Pembina Pipeline Corp (TSE:PPL) opened at 40.41 on Tuesday. The company has a market cap of $15.84 billion and a PE ratio of 37.38. The firm’s 50-day moving average price is $39.65 and its 200-day moving average price is $38.43. Pembina Pipeline Corp has a one year low of $26.05 and a one year high of $41.00.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, October 21st. This represents a $1.92 annualized dividend and a yield of 4.75%.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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