Keyera (TSE:KEY) Price Target Raised to C$50.00

Keyera (TSE:KEY) had its price objective lifted by analysts at Citigroup from C$46.00 to C$50.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Citigroup’s price objective would suggest a potential upside of 10.50% from the stock’s previous close.

Several other research firms also recently commented on KEY. BMO Capital Markets increased their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday. Jefferies Financial Group raised their price target on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. ATB Capital lifted their price target on Keyera from C$43.00 to C$44.00 in a research note on Friday. Raymond James set a C$47.00 price objective on Keyera and gave the stock an “outperform” rating in a research report on Friday, October 11th. Finally, National Bankshares boosted their price objective on Keyera from C$38.00 to C$39.00 in a report on Friday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$42.58.

Keyera Stock Up 0.3 %

Shares of KEY traded up C$0.14 on Monday, hitting C$45.25. The company’s stock had a trading volume of 236,424 shares, compared to its average volume of 988,816. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The firm’s fifty day moving average price is C$42.78 and its 200-day moving average price is C$39.39. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$45.67. The firm has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.