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

Keyera (TSE:KEY) had its price target hoisted by investment analysts at Citigroup from C$46.00 to C$50.00 in a note issued to investors on Monday,BayStreet.CA reports. Citigroup’s price objective would indicate a potential upside of 10.50% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. ATB Capital lifted their price target on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday. National Bankshares lifted their price target on shares of Keyera from C$38.00 to C$39.00 in a research report on Friday. Raymond James set a C$47.00 price target on shares of Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada lifted their price target on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and an average target price of C$42.58.

Keyera Stock Up 0.3 %

KEY traded up C$0.14 during midday trading on Monday, hitting C$45.25. 236,424 shares of the company’s stock traded hands, compared to its average volume of 988,816. The company has a market cap of C$10.37 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock’s fifty day simple moving average is C$42.78 and its 200-day simple moving average is C$39.39. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. Keyera has a one year low of C$31.16 and a one year high of C$45.67.

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.