Keyera (TSE:KEY) Price Target Raised to C$53.00

Keyera (TSE:KEY - Get Free Report) had its target price hoisted by analysts at Royal Bank Of Canada from C$46.00 to C$53.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 20.35% from the stock's previous close.

A number of other equities analysts have also recently issued reports on KEY. Raymond James Financial increased their target price on Keyera from C$50.00 to C$51.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. CIBC decreased their price objective 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. Scotiabank lifted 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. TD Securities upped their price target on Keyera from C$47.00 to C$51.00 and gave the stock a "buy" rating in a research report on Friday. Finally, National Bankshares raised their price target on shares of 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 equities 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$51.18.

Keyera Stock Down 0.5%

Shares of TSE:KEY traded down C$0.23 during midday trading on Friday, reaching C$44.04. 2,243,670 shares of the company were exchanged, compared to its average volume of 1,324,888. The firm has a market cap of C$10.14 billion, a PE ratio of 22.70, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a fifty-two week low of C$35.35 and a fifty-two week high of C$47.90. The stock has a fifty day simple moving average of C$42.56 and a two-hundred day simple moving average of C$42.67. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59.

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.