Pembina Pipeline Corp Receives Average Recommendation of “Buy” from Brokerages (TSE:PPL)
Pembina Pipeline Corp (TSE:PPL) has received an average rating of “Buy” from the eleven analysts that are covering the stock, Analyst Ratings News reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$49.40.
A number of research firms have recently commented on PPL. Analysts at CIBC raised their price target on shares of Pembina Pipeline Corp from C$47.00 to C$48.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Pembina Pipeline Corp from C$48.00 to C$51.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Pembina Pipeline Corp from C$49.00 to C$51.00 in a research note on Monday. They now have an “outperform” rating on the stock.
Shares of Pembina Pipeline Corp (TSE:PPL) opened at 47.35 on Monday. Pembina Pipeline Corp has a 52-week low of $31.82 and a 52-week high of $47.68. The stock’s 50-day moving average is $45.8 and its 200-day moving average is $42.85. The company has a market cap of $15.483 billion and a price-to-earnings ratio of 37.70.
The company also recently announced a Monthly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.145 per share. This represents a dividend yield of 3.69%. The ex-dividend date is Thursday, August 21st.
Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.
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