TD Securities Cuts Pembina Pipeline (TSE:PPL) Price Target to C$60.00

by · The Cerbat Gem

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) had its target price decreased by equities researchers at TD Securities from C$65.00 to C$60.00 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 17.62% from the stock’s current price.

Several other brokerages also recently issued reports on PPL. Royal Bank Of Canada set a C$62.00 price target on Pembina Pipeline and gave the company an “outperform” rating in a report on Thursday, August 28th. Raymond James Financial upped their target price on Pembina Pipeline from C$63.00 to C$65.00 in a research report on Monday, November 10th. Jefferies Financial Group raised their target price on Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, CIBC boosted their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.27.

Read Our Latest Stock Analysis on PPL

Pembina Pipeline Trading Down 3.8%

Shares of TSE PPL traded down C$1.99 during trading on Tuesday, hitting C$51.01. 2,214,579 shares of the company traded hands, compared to its average volume of 3,296,676. The firm has a market capitalization of C$29.63 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.58 and a beta of 0.60. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The company has a 50-day moving average price of C$53.83 and a 200-day moving average price of C$52.66. Pembina Pipeline has a 1 year low of C$48.35 and a 1 year high of C$59.20.

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) last issued its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share for the quarter. The business had revenue of C$1.79 billion for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%. On average, equities analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Company Profile

(Get Free Report)

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.

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