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

Keyera (TSE:KEY - Get Free Report) had its target price upped by equities research analysts at Royal Bank Of Canada from C$46.00 to C$53.00 in a report released on Friday,BayStreet.CA reports. Royal Bank Of Canada's target price would suggest a potential upside of 19.72% from the stock's previous close.

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

Keyera Stock Performance

Shares of KEY stock traded up C$0.48 during trading hours on Friday, hitting C$44.27. The company's stock had a trading volume of 3,859,214 shares, compared to its average volume of 1,317,167. The company has a 50 day moving average of C$42.56 and a 200 day moving average of C$42.72. The stock has a market cap of C$10.20 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. 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.