Pembina Pipeline Corp Given New C$55.00 Price Target at TD Securities (PBA)
Research analysts at TD Securities upped their price target on shares of Pembina Pipeline Corp (NYSE:PBA) from C$52.00 to C$55.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock.
Shares of Pembina Pipeline Corp (NYSE:PBA) traded up 3.10% on Wednesday, hitting $48.5599. 246,454 shares of the company’s stock traded hands. Pembina Pipeline Corp has a 52-week low of $30.44 and a 52-week high of $47.15. The stock’s 50-day moving average is $43.42 and its 200-day moving average is $40.21. The company has a market cap of $15.879 billion and a price-to-earnings ratio of 43.94.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, August 25th will be paid a dividend of $0.145 per share.
PBA has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Pembina Pipeline Corp from C$51.00 to C$53.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at FirstEnergy Capital raised their price target on shares of Pembina Pipeline Corp from C$50.00 to C$55.00 in a research note on Wednesday. Five analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $54.33.
Pembina Pipeline Corporation (NYSE:PBA) is a Calgary-based company, engaged in providing transportation and midstream services.