Pembina Pipeline (PPL) Price Target Raised to C$51.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target hoisted by CIBC from C$50.00 to C$51.00 in a research report report published on Thursday morning.

A number of other research firms also recently weighed in on PPL. JPMorgan Chase & Co. lifted their target price on Pembina Pipeline from C$53.00 to C$55.00 in a report on Friday, December 8th. TD Securities raised 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. National Bank Financial raised their price target on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. Finally, Scotiabank raised 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. Nine investment analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of C$51.00.

Shares of Pembina Pipeline (TSE:PPL) opened at C$44.17 on Thursday. Pembina Pipeline has a twelve month low of C$39.04 and a twelve month high of C$46.17. The firm has a market capitalization of $22,220.00, a price-to-earnings ratio of 35.06 and a beta of 0.37.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Wednesday, January 24th. Pembina Pipeline’s payout ratio is currently 157.14%.

In other Pembina Pipeline news, Director Maureen Howe bought 2,400 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of C$45.08 per share, for a total transaction of C$108,192.00. Also, Director Henry William Sykes bought 1,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of C$44.79 per share, for a total transaction of C$44,790.00. Insiders purchased 3,500 shares of company stock worth $157,461 in the last 90 days.

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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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