Pembina Pipeline (PPL) Given New C$55.00 Price Target at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price boosted by JPMorgan Chase & Co. from C$53.00 to C$55.00 in a research note released on Friday, December 8th.

A number of other equities research analysts have also recently weighed in on the company. National Bank Financial increased their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the company an outperform rating in a research note on Thursday, November 30th. TD Securities lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research note on Monday, November 6th. Scotiabank raised their price objective 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. Finally, CIBC raised their price objective 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. Nine analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of C$50.89.

Pembina Pipeline (PPL) traded up C$0.22 during trading hours on Friday, reaching C$45.73. The company’s stock had a trading volume of 525,278 shares, compared to its average volume of 518,474. Pembina Pipeline has a 52-week low of C$39.04 and a 52-week high of C$46.17. The firm has a market cap of $22,890.00, a P/E ratio of 36.29 and a beta of 0.37.

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Thursday, December 28th. Pembina Pipeline’s payout ratio is currently 157.14%.

In other Pembina Pipeline news, Director Henry William Sykes purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average cost of C$44.79 per share, with a total value of C$44,790.00. Also, Director Maureen Howe purchased 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average price of C$45.08 per share, with a total value of C$108,192.00. Insiders bought a total of 3,500 shares of company stock valued at $157,461 over the last quarter.

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Pembina Pipeline 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 (TSE:PPL)

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