Pembina Pipeline Corp Downgraded by Canaccord Genuity to Hold (PPL)
Pembina Pipeline Corp (TSE:PPL) was downgraded by equities research analysts at Canaccord Genuity to a “hold” rating in a research note issued to investors on Monday, Analyst Ratings News reports.
A number of other analysts have also recently weighed in on PPL. Analysts at BMO Capital Markets raised their price target on shares of Pembina Pipeline Corp from C$38.00 to C$40.00 in a research note on Friday, February 28th. Analysts at TD Securities raised their price target on shares of Pembina Pipeline Corp from C$38.00 to C$43.00 in a research note on Friday, February 28th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Pembina Pipeline Corp has a consensus rating of “Buy” and a consensus price target of C$40.07.
Pembina Pipeline Corp (TSE:PPL) traded down 0.88% during mid-day trading on Monday, hitting $41.56. The stock had a trading volume of 594,158 shares. Pembina Pipeline Corp has a one year low of $30.36 and a one year high of $42.36. The stock’s 50-day moving average is $40.18 and its 200-day moving average is $36.61. The company has a price-to-earnings ratio of 37.77.
The company also recently declared a Monthly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.14 per share. This represents a yield of 4.29%. The ex-dividend date of this dividend is Friday, March 21st.
Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.
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