Pembina Pipeline Corp Hits New 12-Month High After Analyst Upgrade (PBA)
Pembina Pipeline Corp (NYSE:PBA) hit a new 52-week high during mid-day trading on Tuesday after TD Securities raised their price target on the stock from C$49.00 to C$52.00, Analyst Ratings Network.com reports. TD Securities currently has a buy rating on the stock. Pembina Pipeline Corp traded as high as $43.65 and last traded at $43.56, with a volume of 259,226 shares traded. The stock had previously closed at $42.84.
Separately, analysts at RBC Capital raised their price target on shares of Pembina Pipeline Corp from $48.00 to $51.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, Pembina Pipeline Corp currently has a consensus rating of “Buy” and a consensus price target of $50.33.
The stock’s 50-day moving average is $42.45 and its 200-day moving average is $39.08. The company has a market cap of $14.070 billion and a P/E ratio of 37.78.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, August 25th will be given a dividend of $0.145 per share.
Pembina Pipeline Corporation (NYSE:PBA) is a Calgary-based company, engaged in providing transportation and midstream services.
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