Keyera (TSE:KEY) Given New C$56.00 Price Target at CIBC

Keyera (TSE:KEY - Get Free Report) had its price target upped by equities research analysts at CIBC from C$47.00 to C$56.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's target price would suggest a potential upside of 28.59% from the stock's current price.

KEY has been the subject of several other reports. Royal Bank Of Canada increased their price target on shares of Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a research report on Friday. TD Securities increased their target price on shares of Keyera from C$47.00 to C$51.00 and gave the company a "buy" rating in a research report on Friday. National Bankshares set a C$45.00 target price on shares of Keyera and gave the company a "sector perform" rating in a research note on Friday. Scotiabank upped their price target on Keyera from C$50.00 to C$51.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial upped their target price on Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Keyera currently has an average rating of "Moderate Buy" and an average price target of C$51.18.

Keyera Stock Down 1.6%

Keyera stock traded down C$0.72 during mid-day 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 company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The firm has a market cap of C$10.03 billion, a P/E ratio of 22.45, a PEG ratio of 1.35 and a beta of 2.09. The business has a fifty day moving average of C$42.56 and a 200 day moving average of C$42.67. Keyera has a 12-month low of C$35.35 and a 12-month high of C$47.90.

About Keyera

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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