Pembina Pipeline (TSE:PPL) Price Target Cut to C$62.00 by Analysts at Royal Bank of Canada

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price dropped by stock analysts at Royal Bank of Canada from C$65.00 to C$62.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 19.92% from the company’s previous close.

A number of other equities research analysts also recently commented on PPL. UBS Group cut their target price on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Raymond James lifted their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$59.13.

Pembina Pipeline Stock Performance

Shares of PPL stock traded up C$0.05 during trading on Monday, reaching C$51.70. 1,525,677 shares of the company’s stock were exchanged, compared to its average volume of 3,188,950. The stock has a market capitalization of C$29.89 billion, a PE ratio of 15.01, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.72. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The firm’s fifty day moving average price is C$54.14 and its 200-day moving average price is C$54.47.

Insider Activity

In other Pembina Pipeline news, Director Andy Mah acquired 4,105 shares of Pembina Pipeline stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of C$48.84 per share, for a total transaction of C$200,488.20. Also, Senior Officer Chris Scherman bought 797 shares of the stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of C$54.05 per share, for a total transaction of C$43,077.85. In the last three months, insiders bought 18,089 shares of company stock valued at $955,839. Insiders own 0.05% of the company’s stock.

About Pembina Pipeline

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.