Pembina Pipeline (TSE:PPL) Price Target Raised to C$70.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by Barclays from C$69.00 to C$70.00 in a report released on Wednesday,BayStreet reports. Barclays currently has an overweight rating on the stock.

PPL has been the subject of a number of other reports. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and upped their price objective for the stock from C$69.00 to C$73.00 in a research report on Tuesday, July 21st. ATB Cormark Capital Markets raised their target price on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Friday, July 3rd. BMO Capital Markets boosted their target price on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Scotia upped their price target on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a “sector outperform” rating in a report on Friday, July 3rd. Finally, Wells Fargo & Company upgraded Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$68.93.

Pembina Pipeline Stock Up 0.6%

Shares of TSE PPL opened at C$67.55 on Wednesday. The company has a market cap of C$39.28 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.58 and a beta of 0.30. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72. The stock has a 50-day moving average price of C$66.56 and a two-hundred day moving average price of C$65.79.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.