Keyera (TSE:KEY) Given New C$51.00 Price Target at TD Securities

Keyera (TSE:KEY - Get Free Report) had its price target raised by investment analysts at TD Securities from C$47.00 to C$51.00 in a report released on Friday,BayStreet.CA reports. TD Securities' target price would suggest a potential upside of 15.10% from the stock's previous close.

Several other equities research analysts have also recently issued reports on KEY. Raymond James Financial raised their price target 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. Scotiabank upped their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. BMO Capital Markets upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from C$45.50 to C$54.00 in a research report on Wednesday. CIBC cut their price target on Keyera from C$48.00 to C$47.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, National Bankshares increased their price target on Keyera from C$41.00 to C$43.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$49.00.

Keyera Price Performance

Shares of KEY traded up C$0.52 during trading hours on Friday, reaching C$44.31. 2,049,688 shares of the company traded hands, compared to its average volume of 1,301,074. The stock has a market capitalization of C$10.21 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock has a fifty day simple moving average of C$42.48 and a 200 day simple moving average of C$42.73. Keyera has a fifty-two week low of C$35.35 and a fifty-two week high of C$47.90. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59.

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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