Pembina Pipeline Corp (TSE:PPL) received a C$47.00 target price from equities research analysts at JPMorgan Chase & Co. in a report released on Thursday. The firm presently has a an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 17.56% from the stock’s current price.
Several other equities analysts have also commented on PPL. CSFB lowered Pembina Pipeline Corp from an “outperform” rating to a “neutral” rating in a research note on Monday, June 20th. Credit Suisse Group AG downgraded Pembina Pipeline Corp from an “outperform” rating to a “neutral” rating in a research report on Monday, June 20th. GMP Securities began coverage on Pembina Pipeline Corp in a research report on Monday, June 27th. They set a “buy” rating for the company. TD Securities reissued a “buy” rating and set a C$41.00 price target on shares of Pembina Pipeline Corp in a research report on Monday, July 4th. Finally, BMO Capital Markets boosted their price target on Pembina Pipeline Corp from C$40.00 to C$41.00 in a research report on Thursday, July 7th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Pembina Pipeline Corp currently has a consensus rating of “Buy” and an average price target of C$43.69.
Shares of Pembina Pipeline Corp (TSE:PPL) traded up 1.23% during mid-day trading on Thursday, hitting $40.47. 472,298 shares of the stock were exchanged. The stock has a market cap of $15.86 billion and a PE ratio of 37.44. Pembina Pipeline Corp has a 12 month low of $26.05 and a 12 month high of $41.00. The stock’s 50 day moving average is $39.62 and its 200-day moving average is $38.42.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.16 per share. This represents a $1.92 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, October 21st.