Haywood Securities Increases Pembina Pipeline Corp Price Target to C$50.00 (PPL)
Analysts at Haywood Securities boosted their price target on shares of Pembina Pipeline Corp (TSE:PPL) from C$3.00 to C$50.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Haywood Securities’ price target suggests a potential upside of 12.26% from the stock’s previous close.
Pembina Pipeline Corp (TSE:PPL) traded up 2.69% on Tuesday, hitting $45.74. The stock had a trading volume of 749,212 shares. Pembina Pipeline Corp has a 1-year low of $30.36 and a 1-year high of $44.60. The stock has a 50-day moving average of $42.24 and a 200-day moving average of $38.28. The company has a price-to-earnings ratio of 40.13.
Pembina Pipeline Corp (TSE:PPL) last announced its earnings results on Monday, May 12th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07.
The company also recently declared a Monthly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, June 13th will be given a dividend of $0.145 per share. This represents a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, May 21st.
PPL has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pembina Pipeline Corp in a research note on Tuesday. Separately, analysts at TD Securities raised their price target on shares of Pembina Pipeline Corp from C$43.00 to C$49.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Pembina Pipeline Corp from C$46.00 to C$47.00 in a research note on Monday. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a buy rating, Pembina Pipeline Corp presently has an average rating of “Buy” and a consensus target price of C$47.13.
Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.
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