Raymond James Issues Positive Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective increased by Raymond James from C$62.00 to C$63.00 in a research note published on Monday,BayStreet.CA reports.

Several other analysts have also weighed in on PPL. TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets reduced their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Finally, Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$59.47.

Pembina Pipeline Trading Down 0.8 %

Shares of PPL stock opened at C$55.79 on Monday. Pembina Pipeline has a fifty-two week low of C$46.70 and a fifty-two week high of C$60.72. The stock’s fifty day moving average price is C$52.77 and its two-hundred day moving average price is C$55.03. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company has a market cap of C$32.25 billion, a PE ratio of 16.19, a P/E/G ratio of 1.58 and a beta of 1.48.

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 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 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.