Pembina Pipeline (TSE:PPL) PT Set at C$54.00 by Raymond James
Pembina Pipeline (TSE:PPL) (NYSE:PBA) has been given a C$54.00 price target by research analysts at Raymond James in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 10.97% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. CIBC raised their price objective on Pembina Pipeline from C$54.00 to C$55.00 in a research report on Wednesday, April 24th. National Bank Financial dropped their price objective on Pembina Pipeline from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, CSFB raised their price objective on Pembina Pipeline from C$54.00 to C$58.00 in a research report on Thursday, April 25th. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$56.60.
PPL stock traded down C$0.43 during trading on Thursday, reaching C$48.66. 1,233,739 shares of the company traded hands, compared to its average volume of 1,286,010. Pembina Pipeline has a 12 month low of C$39.15 and a 12 month high of C$50.65. The business has a 50 day simple moving average of C$49.12 and a 200 day simple moving average of C$48.80. The company has a market capitalization of $25.01 billion and a price-to-earnings ratio of 21.79. The company has a debt-to-equity ratio of 55.61, a quick ratio of 0.50 and a current ratio of 0.60.
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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