Scotiabank Increases Keyera (TSE:KEY) Price Target to C$54.00

Keyera (TSE:KEY - Get Free Report) had its target price hoisted by stock analysts at Scotiabank from C$51.00 to C$54.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 22.78% from the company's current price.

A number of other equities analysts also recently commented on KEY. TD Securities upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and upped their target price for the stock from C$47.00 to C$51.00 in a research note on Friday, June 20th. BMO Capital Markets upgraded Keyera from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from C$45.50 to C$54.00 in a report on Wednesday, June 18th. CIBC raised their price objective on Keyera from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a report on Monday. Royal Bank Of Canada increased their price target on Keyera from C$46.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Finally, Raymond James Financial raised their price target on Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$51.18.

Keyera Trading Up 0.1%

KEY stock traded up C$0.05 during trading on Monday, hitting C$43.98. The company had a trading volume of 836,504 shares, compared to its average volume of 1,337,385. Keyera has a 52-week low of C$35.35 and a 52-week high of C$47.90. The company has a 50 day simple moving average of C$42.75 and a 200-day simple moving average of C$42.67. The firm has a market capitalization of C$10.13 billion, a P/E ratio of 22.67, a PEG ratio of 1.35 and a beta of 2.09. 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.