Keyera (TSE:KEY) Price Target Raised to C$39.00

Keyera (TSE:KEY) had its price objective increased by National Bankshares from C$38.00 to C$39.00 in a research note issued to investors on Friday,BayStreet.CA reports. National Bankshares’ price target would suggest a potential downside of 12.87% from the company’s current price.

Several other research analysts also recently commented on the company. Citigroup raised their price objective on Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Jefferies Financial Group upped their target price on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a 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 note on Thursday, October 3rd. BMO Capital Markets upped their price objective on Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Finally, ATB Capital upped their target price on Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Stock Performance

Shares of Keyera stock traded up C$0.29 during trading on Friday, hitting C$44.76. 387,611 shares of the company’s stock traded hands, compared to its average volume of 989,686. 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 1 year low of C$31.16 and a 1 year high of C$45.51. The stock has a market capitalization of C$10.26 billion, a P/E ratio of 30.05, a PEG ratio of 1.35 and a beta of 2.09. The business has a 50-day simple moving average of C$42.68 and a 200-day simple moving average of C$39.32.

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.