Pembina Pipeline Corp (TSE:PPL) Receives Average Rating of “Buy” from Brokerages

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.

Analyst Recommendations for Pembina Pipeline Corp (TSE:PPL)

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