Pembina Pipeline Corp Receives Average Rating of “Buy” from Brokerages (TSE:PPL)
Shares of Pembina Pipeline Corp (TSE:PPL) have received a consensus rating of “Buy” from the eleven brokerages that are covering the company, AnalystRatingsNetwork.com reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$48.20.
A number of analysts have recently weighed in on PPL shares. Analysts at NBF raised their price target on shares of Pembina Pipeline Corp from C$49.00 to C$51.00 in a research note on Monday. Separately, analysts at BMO Capital Markets raised their price target on shares of Pembina Pipeline Corp from C$43.00 to C$46.00 in a research note on Friday, May 16th. They now have a “market perform” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Pembina Pipeline Corp from C$46.00 to C$48.00 in a research note on Tuesday, May 13th.
Pembina Pipeline Corp (TSE:PPL) traded up 2.00% during mid-day trading on Monday, hitting $46.49. 257,346 shares of the company’s stock traded hands. Pembina Pipeline Corp has a 52 week low of $31.50 and a 52 week high of $47.20. The stock’s 50-day moving average is $45.65 and its 200-day moving average is $42.60. The company has a market cap of $15.016 billion and a price-to-earnings ratio of 36.46.
The company also recently declared a Monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 15th will be given a dividend of $0.145 per share. This represents a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, July 23rd.
Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.
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