Pembina Pipeline Corp (PPL) Receives Consensus Recommendation of “Buy” from Analysts
Pembina Pipeline Corp (TSE:PPL) has earned a consensus rating of “Buy” from the sixteen research firms that are currently covering the company. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$43.73.
Several equities research analysts have recently commented on PPL shares. Credit Suisse Group AG downgraded shares of Pembina Pipeline Corp from an “outperform” rating to a “neutral” rating in a research report on Monday, June 20th. RBC Capital Markets boosted their target price on shares of Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. GMP Securities started coverage on shares of Pembina Pipeline Corp in a research report on Monday, June 27th. They set a “buy” rating for the company. National Bank Financial downgraded shares of Pembina Pipeline Corp from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$41.00 to C$43.00 in a research report on Monday, July 18th. Finally, TD Securities reissued a “buy” rating and set a C$41.00 target price on shares of Pembina Pipeline Corp in a research report on Monday, July 4th.
Shares of Pembina Pipeline Corp (TSE:PPL) traded down 1.28% on Tuesday, hitting $39.48. 309,209 shares of the stock traded hands. The stock has a market cap of $15.48 billion and a price-to-earnings ratio of 36.52. Pembina Pipeline Corp has a 52 week low of $26.05 and a 52 week high of $41.00. The stock has a 50 day moving average price of $39.62 and a 200-day moving average price of $38.40.
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The business also recently announced a monthly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Saturday, October 15th will be paid a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, September 21st.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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