Price Upgrade Analysts at National Bank Financial
boosted their price objective on shares of Pembina Pipeline Corp (TSE:PPL) from C$49.00 to C$51.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 11.89% from the stock’s previous close.
Shares of Pembina Pipeline Corp (TSE:PPL) traded up 2.61% during mid-day trading on Monday, hitting $46.77. 565,460 shares of the company’s stock traded hands. Pembina Pipeline Corp has a 52-week low of $31.50 and a 52-week high of $47.20. The stock has a 50-day moving average of $45.65 and a 200-day moving average of $42.60. The company has a market cap of $15.107 billion and a P/E ratio of 36.46.
The company also recently announced a Monthly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.145 per share. This represents a dividend yield of 3.84%. The ex-dividend date is Wednesday, July 23rd.
A number of other firms have also recently commented on PPL. Analysts at Scotiabank raised theirprice target on shares of Pembina Pipeline Corp from C$48.00 to C$52.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Pembina Pipeline Corp from C$49.00 to C$51.00 in a research note on Monday. Finally, analysts at BMO Capital Markets raised their price target on shares of Pembina Pipeline Corp from C$43.00 to C$46.00 in a research note on Friday, May 16th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Pembina Pipeline Corp has an average rating of “Buy” and an average target price of C$48.80.