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

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

Several other equities research analysts have also recently commented on PPL. TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lowered their target price on Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$59.31.

Pembina Pipeline Price Performance

PPL opened at C$54.06 on Monday. 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 stock has a market capitalization of C$31.25 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock’s 50 day moving average price is C$52.84 and its 200-day moving average price is C$55.07. Pembina Pipeline has a 52-week low of C$46.71 and a 52-week high of C$60.72.

Insider Buying and Selling

In related news, Senior Officer J. Scott Burrows sold 18,106 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$55.43, for a total value of C$1,003,615.58. 0.05% of the stock is currently owned by company insiders.

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.