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

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target boosted by CIBC from C$50.00 to C$51.00 in a research note issued to investors on Thursday.

Several other equities analysts also recently weighed in on the company. Scotiabank lifted their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the company an outperform rating in a research report on Wednesday, October 4th. National Bank Financial lifted their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an outperform rating in a research report on Friday, November 3rd. JPMorgan Chase & Co. lifted their target price on Pembina Pipeline from C$53.00 to C$55.00 in a research report on Friday, December 8th. Finally, TD Securities lifted their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research report on Monday, November 6th. Nine research analysts have rated the stock with a buy rating, Pembina Pipeline has a consensus rating of Buy and a consensus target price of C$51.00.

Pembina Pipeline (TSE PPL) traded down C$0.10 during midday trading on Thursday, reaching C$44.17. The company had a trading volume of 551,000 shares, compared to its average volume of 1,000,000. The stock has a market capitalization of $22,220.00, a P/E ratio of 35.06 and a beta of 0.37. Pembina Pipeline has a 12 month low of C$39.04 and a 12 month high of C$46.17.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $2.16 dividend on an annualized basis and a yield of 4.89%. Pembina Pipeline’s dividend payout ratio is presently 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 firm’s stock in a transaction on Tuesday, December 12th. The shares were acquired at an average cost of C$45.08 per share, for a total transaction of C$108,192.00. Over the last three months, insiders have acquired 3,500 shares of company stock worth $157,461.

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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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