Pembina Pipeline Co. (PPL) Receives C$50.67 Consensus Target Price from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$50.67.

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

Shares of Pembina Pipeline (PPL) traded down C$0.30 on Friday, hitting C$44.27. The stock had a trading volume of 864,286 shares, compared to its average volume of 1,115,054. Pembina Pipeline has a fifty-two week low of C$39.03 and a fifty-two week high of C$46.17.

The company also recently disclosed 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. The ex-dividend date is Wednesday, November 22nd. This represents a $2.16 dividend on an annualized basis and a yield of 4.88%. 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.

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