Keyera (TSE:KEY) Given New C$47.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company has increased Keyera's price target from C$46.00 to C$47.00, indicating a potential upside of 8.27% from the current stock price.
• Multiple analysts have revised their target prices for Keyera, with Scotiabank raising it to C$54.00 and CIBC to C$56.00, demonstrating overall positive sentiment towards the company's performance.
• Keyera currently has a market capitalization of C$10.00 billion and operates primarily in the midstream energy sector, focusing on the gathering and processing of natural gas in western Canada.

Keyera (TSE:KEY - Get Free Report) had its price target upped by equities research analysts at Wells Fargo & Company from C$46.00 to C$47.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 8.27% from the stock's current price.

A number of other equities analysts have also recently commented on the company. Scotiabank raised their target price on Keyera from C$51.00 to C$54.00 and gave the company an "outperform" rating in a report on Monday, June 23rd. Citigroup raised their target price on Keyera from C$50.00 to C$51.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. National Bankshares set a C$45.00 target price on Keyera and gave the company a "sector perform" rating in a report on Friday, June 20th. CIBC raised their target price on Keyera from C$47.00 to C$56.00 and gave the company an "outperform" rating in a report on Monday, June 23rd. Finally, Tudor Pickering upgraded Keyera from a "hold" rating to a "strong-buy" rating in a report on Friday, July 25th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$50.92.

Keyera Trading Up 0.1%

Shares of TSE KEY traded up C$0.04 during mid-day trading on Wednesday, reaching C$43.41. 314,873 shares of the company's stock were exchanged, compared to its average volume of 1,264,394. The company's 50-day moving average is C$43.14 and its 200-day moving average is C$42.63. Keyera has a 52-week low of C$37.80 and a 52-week high of C$47.90. The firm has a market capitalization of C$10.00 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.35 and a beta of 2.09. 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.

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