TD Securities Increases Pembina Pipeline Corp Price Target to C$55.00 (PPL)
Equities researchers at TD Securities increased their target price on shares of Pembina Pipeline Corp (TSE:PPL) from C$52.00 to C$55.00 in a research report issued on Wednesday. TD Securities’ target price points to a potential upside of 6.88% from the company’s current price.
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.
A number of other analysts have also recently weighed in on PPL. 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. Separately, 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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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