Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is C$49.25.
A number of equities research analysts have recently weighed in on PPL shares. TD Securities lifted their target price on shares of Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the company a “buy” rating in a research note on Monday, May 8th. Desjardins lifted their target price on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday, May 2nd. AltaCorp Capital raised shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada lifted their target price on shares of Pembina Pipeline Corp from C$50.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, National Bank Financial raised shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 2nd.
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Pembina Pipeline Corp (TSE PPL) traded down 0.05% during trading on Friday, hitting $40.55. 417,579 shares of the stock were exchanged. The stock has a market cap of $16.34 billion and a P/E ratio of 31.68. Pembina Pipeline Corp has a 52 week low of $37.25 and a 52 week high of $44.65. The stock has a 50 day moving average of $42.75 and a 200-day moving average of $42.88.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Wednesday, August 23rd.
In other Pembina Pipeline Corp news, Director Bruce D. Rubin acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of C$43.65 per share, with a total value of C$218,250.00.
Pembina Pipeline Corp Company Profile
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.
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