Pembina Pipeline Corp Trading Up 3.1% on Analyst Upgrade (PBA)
Shares of Pembina Pipeline Corp (NYSE:PBA) were up 3.1% on Wednesday after TD Securities raised their price target on the stock from C$52.00 to C$55.00, StockRatingsNetwork reports. TD Securities currently has a buy rating on the stock. Pembina Pipeline Corp traded as high as $48.71 and last traded at $48.58, with a volume of 219,376 shares. The stock had previously closed at $47.10.
Other equities research analysts have also recently issued reports about the stock. 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 research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $54.33.
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 $15.856 billion and a P/E 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.
Pembina Pipeline Corporation (NYSE:PBA) is a Calgary-based company, engaged in providing transportation and midstream services.
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