Raymond James Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price target lifted by analysts at Raymond James from C$47.00 to C$48.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 7.62% from the stock’s current price.

Several other research firms have also recently issued reports on KEY. Citigroup upped their price objective on Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. Scotiabank upped their price objective on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group upped their price objective 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. Royal Bank of Canada upped their price objective on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, ATB Capital boosted their target price on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$43.42.

Keyera Stock Down 0.1 %

KEY traded down C$0.04 on Wednesday, hitting C$44.60. 1,981,880 shares of the company were exchanged, compared to its average volume of 1,023,783. Keyera has a twelve month low of C$31.16 and a twelve month high of C$47.90. The company has a market cap of C$10.22 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The firm has a 50-day moving average price of C$44.28 and a two-hundred day moving average price of C$40.56.

Insider Transactions at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

About Keyera

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.