Pembina Pipeline (TSE:PPL) Given New C$54.00 Price Target at Jefferies Financial Group

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective boosted by Jefferies Financial Group from C$53.00 to C$54.00 in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

PPL has been the topic of a number of other research reports. Barclays dropped their price objective on Pembina Pipeline from C$58.00 to C$57.00 and set an “overweight” rating on the stock in a research report on Monday, July 7th. Raymond James Financial raised their price objective on Pembina Pipeline from C$63.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. CIBC raised their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wells Fargo & Company downgraded Pembina Pipeline from an “equal weight” rating to an “underperform” rating and set a C$50.00 price objective on the stock. in a research report on Wednesday, August 6th. Finally, BMO Capital Markets dropped their price objective on Pembina Pipeline from C$59.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$58.55.

Pembina Pipeline Price Performance

PPL opened at C$52.37 on Wednesday. Pembina Pipeline has a 12-month low of C$48.35 and a 12-month high of C$60.72. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The business’s fifty day simple moving average is C$54.04 and its 200-day simple moving average is C$52.40. The company has a market capitalization of C$30.42 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.58 and a beta of 0.68.

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.