Keyera (TSE:KEY) Price Target Raised to C$53.00 at Royal Bank Of Canada

Keyera (TSE:KEY - Get Free Report) had its price objective upped by Royal Bank Of Canada from C$46.00 to C$53.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank Of Canada's target price points to a potential upside of 19.61% from the stock's current price.

A number of other research firms have also weighed in on KEY. BMO Capital Markets upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from C$45.50 to C$54.00 in a research report on Wednesday. Raymond James Financial lifted their target price 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. 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. TD Securities raised their price target on Keyera from C$47.00 to C$51.00 in a report on Friday. Finally, Scotiabank boosted their price objective 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, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$49.00.

Keyera Stock Performance

Shares of TSE KEY traded up C$0.52 during trading on Friday, hitting C$44.31. The company had a trading volume of 2,049,688 shares, compared to its average volume of 1,301,074. Keyera has a 12 month low of C$35.35 and a 12 month high of C$47.90. 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 capitalization of C$10.21 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock has a 50 day simple moving average of C$42.48 and a 200 day simple moving average of C$42.73.

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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