Pembina Pipeline (TSE:PPL) Stock Rating Lowered by TD Securities

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a report issued on Tuesday, Marketbeat reports. They presently have a C$62.00 price target on the stock, up from their prior price target of C$59.00. TD Securities’ price target suggests a potential upside of 5.21% from the stock’s current price.

PPL has been the topic of several other reports. ATB Cormark Capital Markets set a C$61.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Raymond James Financial increased their target price on shares of Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. BMO Capital Markets decreased their price target on shares of Pembina Pipeline from C$59.00 to C$58.00 in a report on Tuesday, December 16th. Jefferies Financial Group boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. Finally, National Bank Financial increased their price objective on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$59.25.

Pembina Pipeline Trading Down 0.8%

Shares of TSE PPL opened at C$58.93 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The stock’s 50 day moving average price is C$54.40 and its two-hundred day moving average price is C$53.78. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$60.70. The stock has a market capitalization of C$34.23 billion, a P/E ratio of 21.05, a PEG ratio of 1.58 and a beta of 0.62.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.