Keyera (TSE:KEY) had its price objective raised by stock analysts at Canaccord Genuity from C$21.00 to C$25.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity’s price target would suggest a potential upside of 11.56% from the company’s current price.
Several other brokerages have also commented on KEY. Royal Bank of Canada upped their price target on Keyera to C$24.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Raymond James upped their price objective on shares of Keyera from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Tudor Pickering reissued a “buy” rating and set a C$22.00 target price on shares of Keyera in a research report on Thursday, April 23rd. CIBC boosted their price target on Keyera from C$23.50 to C$25.00 in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus reduced their price objective on Keyera from C$39.00 to C$27.00 in a research report on Thursday, March 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$28.42.
TSE:KEY traded up C$0.49 during trading hours on Tuesday, reaching C$22.41. 707,893 shares of the company were exchanged, compared to its average volume of 1,430,101. The firm has a market cap of $4.90 billion and a price-to-earnings ratio of 10.82. The stock has a 50 day simple moving average of C$19.60 and a 200 day simple moving average of C$27.33. Keyera has a 52-week low of C$10.04 and a 52-week high of C$36.56. The company has a debt-to-equity ratio of 98.97, a current ratio of 0.80 and a quick ratio of 0.61.
Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.
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