Pembina Pipeline Co. (PPL) Receives Average Rating of “Buy” from Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given an average recommendation of “Buy” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$50.67.

A number of equities analysts have weighed in on the company. National Bank Financial upped their price target on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. J P Morgan Chase & Co upped their price target on Pembina Pipeline from C$52.00 to C$53.00 in a report on Tuesday, September 26th. Scotiabank upped their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. CIBC upped their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Tuesday, October 3rd. Finally, TD Securities upped their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, November 6th.

Shares of Pembina Pipeline (PPL) traded up C$1.29 during trading hours on Friday, hitting C$44.93. The stock had a trading volume of 2,556,772 shares, compared to its average volume of 1,116,465. Pembina Pipeline has a 1-year low of C$38.07 and a 1-year high of C$46.17.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Wednesday, November 22nd. Pembina Pipeline’s payout ratio is 157.14%.

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About Pembina Pipeline

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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