Pembina Pipeline (TSE:PPL) Price Target Raised to C$62.00 at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective raised by JPMorgan Chase & Co. from C$60.00 to C$62.00 in a report published on Monday,BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on PPL. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets cut their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$59.31.

Pembina Pipeline Trading Up 0.7 %

PPL stock opened at C$57.56 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a twelve month low of C$46.71 and a twelve month high of C$60.72. The company has a market cap of C$33.28 billion, a P/E ratio of 16.71, a PEG ratio of 1.58 and a beta of 1.48. The business has a fifty day moving average of C$53.98 and a 200-day moving average of C$55.35.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows acquired 12,087 shares of Pembina Pipeline stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of C$54.05 per share, for a total transaction of C$653,302.35. Also, Senior Officer Janet C. Loduca sold 5,338 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total transaction of C$296,045.48. Company insiders own 0.05% of the company’s stock.

Pembina Pipeline Company Profile

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.