Pembina Pipeline (TSE:PPL) PT Lowered to C$49.00 at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price reduced by JPMorgan Chase & Co. from C$50.00 to C$49.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.74% from the company’s current price.

A number of other brokerages have also recently issued reports on PPL. Scotiabank increased their price objective on shares of Pembina Pipeline from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. CIBC increased their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research note on Friday, November 3rd. CSFB reduced their price objective on shares of Pembina Pipeline from C$52.00 to C$51.00 in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus increased their price objective on shares of Pembina Pipeline from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$50.00.

Pembina Pipeline Stock Performance

PPL traded up C$0.18 during trading on Monday, hitting C$44.65. The company’s stock had a trading volume of 289,285 shares, compared to its average volume of 2,271,467. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 71.71. Pembina Pipeline has a one year low of C$38.79 and a one year high of C$49.62. The firm has a market cap of C$24.52 billion, a PE ratio of 20.57, a P/E/G ratio of 4.80 and a beta of 1.54. The business’s 50 day simple moving average is C$41.99 and its 200-day simple moving average is C$41.78.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.