UBS Group Issues Pessimistic Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price reduced by UBS Group from C$62.00 to C$57.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on PPL. Raymond James increased their price target on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the company a “buy” rating in a report on Wednesday, January 15th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$54.06 on Wednesday. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company has a market capitalization of C$31.25 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock has a fifty day moving average of C$52.84 and a 200-day moving average of C$55.07. Pembina Pipeline has a one year low of C$46.71 and a one year high of C$60.72.

Insider Activity

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 18,106 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$55.43, for a total transaction of C$1,003,615.58. 0.05% of the stock is owned by insiders.

About Pembina Pipeline

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.