Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$49.25.

A number of analysts recently weighed in on the company. Royal Bank Of Canada increased their price objective on Pembina Pipeline Corp from C$50.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, May 8th. National Bank Financial upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. AltaCorp Capital upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 3rd. TD Securities increased their price target on Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Desjardins increased their price target on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd.

COPYRIGHT VIOLATION NOTICE: “Pembina Pipeline Corp (PPL) Receives C$49.13 Average PT from Analysts” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/03/pembina-pipeline-corp-ppl-receives-c49-13-average-pt-from-analysts.html.

In related news, insider Harold Andersen acquired 755 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were bought at an average price of C$43.57 per share, with a total value of C$32,895.35. Also, Director Jeffrey T. Smith acquired 1,030 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of C$43.59 per share, for a total transaction of C$44,897.70. Insiders have bought a total of 7,285 shares of company stock worth $317,253 in the last three months.

Shares of Pembina Pipeline Corp (TSE PPL) traded down 0.02% during midday trading on Friday, hitting $42.58. The company had a trading volume of 550,380 shares. Pembina Pipeline Corp has a one year low of $37.25 and a one year high of $44.65. The stock has a market capitalization of $17.07 billion and a price-to-earnings ratio of 33.50. The stock’s 50-day moving average price is $42.98 and its 200-day moving average price is $42.88.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, July 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.79%.

About Pembina Pipeline Corp

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Analyst Recommendations for Pembina Pipeline Corp (TSE:PPL)

Receive News & Stock Ratings for Pembina Pipeline Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline Corp and related stocks with our FREE daily email newsletter.