Keyera (TSE:KEY) Price Target Raised to C$54.00 at Scotiabank

Keyera (TSE:KEY) had its price target increased by equities researchers at Scotiabank from C$51.00 to C$54.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 24.00% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. CIBC raised their price target on Keyera from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Monday. National Bankshares set a C$45.00 price target on shares of Keyera and gave the company a “sector perform” rating in a research note on Friday. TD Securities upped their price target on shares of Keyera from C$47.00 to C$51.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada raised their price objective on shares of Keyera from C$46.00 to C$53.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Raymond James Financial upped their target price on shares of Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$51.18.

Keyera Trading Down 1.6%

KEY traded down C$0.72 during midday trading on Monday, reaching C$43.55. 747,517 shares of the company were exchanged, compared to its average volume of 1,311,705. The stock has a market capitalization of C$10.03 billion, a P/E ratio of 22.45, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a one year low of C$35.35 and a one year high of C$47.90. The stock’s 50-day simple moving average is C$42.56 and its 200 day simple moving average is C$42.67. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.