Keyera (TSE:KEY) Price Target Raised to C$46.00 at Royal Bank of Canada

Keyera (TSE:KEY) had its price objective upped by research analysts at Royal Bank of Canada from C$45.00 to C$46.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 3.14% from the company’s current price.

A number of other brokerages also recently weighed in on KEY. Citigroup upped their price target on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. ATB Capital upped their price target on shares of Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. BMO Capital Markets upped their price target on shares of Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Scotiabank upped their price target on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Keyera presently has a consensus rating of “Moderate Buy” and a consensus target price of C$43.42.

Keyera Stock Performance

TSE KEY traded down C$0.04 during trading on Wednesday, reaching C$44.60. The company’s stock had a trading volume of 1,981,880 shares, compared to its average volume of 1,023,783. 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 market capitalization 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. Keyera has a 12 month low of C$31.16 and a 12 month high of C$47.90. The firm has a 50 day moving average price of C$44.28 and a 200 day moving average price of C$40.56.

Insider Buying and Selling

In other news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. 0.39% of the stock is owned by insiders.

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.