JPMorgan Chase & Co. Issues Positive Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by JPMorgan Chase & Co. from C$60.00 to C$62.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.94% from the company’s previous close.

A number of other research analysts also recently weighed in on PPL. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Raymond James increased their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, UBS Group decreased their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$59.31.

Pembina Pipeline Trading Up 0.5 %

PPL traded up C$0.29 on Monday, reaching C$57.44. 515,066 shares of the company traded hands, compared to its average volume of 3,177,264. The company has a market cap of C$33.21 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a one year low of C$46.71 and a one year high of C$60.72. The firm has a fifty day simple moving average of C$53.92 and a two-hundred day simple moving average of C$55.33.

Insider Buying and Selling

In other news, Senior Officer Janet C. Loduca sold 5,338 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total value of C$296,045.48. Also, Senior Officer Chris Scherman purchased 797 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of C$54.05 per share, for a total transaction of C$43,077.85. 0.05% of the stock is owned by insiders.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.