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Equities researchers at RBC Capital increased their price target on shares of Pembina Pipeline Corp (TSE:PPL) from C$51.00 to C$53.00 in a research report issued on Wednesday. RBC Capital’s price objective suggests a potential upside of 2.99% from the company’s current price.

Shares of Pembina Pipeline Corp (TSE:PPL) opened at 51.46 on Wednesday. Pembina Pipeline Corp has a 52 week low of $31.88 and a 52 week high of $49.97. The stock’s 50-day moving average is $46.40 and its 200-day moving average is $43.29. The company has a market cap of $16.827 billion and a P/E ratio of 43.45.

The company also recently declared a Monthly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 15th will be given a dividend of $0.145 per share. This represents a yield of 3.69%. The ex-dividend date of this dividend is Thursday, August 21st.

PPL has been the subject of a number of other recent research reports. 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, August 12th. They now have an “outperform” rating on the stock. Separately, 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, August 11th. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Pembina Pipeline Corp from C$48.00 to C$52.00 in a research note on Monday, August 11th. They now have an “outperform” 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. The company currently has an average rating of “Buy” and a consensus target price of C$50.20.

Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.

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