Pembina Pipeline Corp (TSE:PPL) has been assigned a consensus rating of “Buy” from the seventeen brokerages that are covering the firm. Five research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$44.00.
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a C$47.00 target price on shares of Pembina Pipeline Corp in a report on Thursday. Royal Bank Of Canada upped their target price on Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. TD Securities upped their target price on Pembina Pipeline Corp from C$41.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Scotiabank reissued an “outperform” rating and issued a C$44.00 price target on shares of Pembina Pipeline Corp in a research report on Monday, August 8th. Finally, RBC Capital Markets boosted their price target on Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th.
Shares of Pembina Pipeline Corp (TSE:PPL) opened at 40.41 on Tuesday. The firm has a 50-day moving average price of $39.65 and a 200-day moving average price of $38.43. The stock has a market capitalization of $15.84 billion and a P/E ratio of 37.38. Pembina Pipeline Corp has a 52-week low of $26.05 and a 52-week high of $41.00.
The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, October 21st. This represents a $1.92 annualized dividend and a dividend yield of 4.75%.
About Pembina Pipeline Corp
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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