Keyera (TSE:KEY) Price Target Raised to C$57.00

Key Points

• CIBC has raised Keyera's price target from C$56.00 to C$57.00, indicating a potential upside of 25.74% from its current trading price.
• Multiple analysts have upgraded their ratings on Keyera, with four providing a "Strong Buy" rating and a consensus price target of C$51.36.
• Keyera's recent trading performance reflects a drop of C$0.98 to C$45.33, with a market cap of C$10.39 billion and a P/E ratio of 19.62.

Keyera (TSE:KEY - Get Free Report) had its price objective increased by stock analysts at CIBC from C$56.00 to C$57.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's target price indicates a potential upside of 25.74% from the company's current price.

Several other equities research analysts have also issued reports on the company. National Bankshares set a C$45.00 price objective on Keyera and gave the company a "sector perform" rating in a research note on Friday, June 20th. Scotiabank raised their price target on Keyera from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a research note on Monday, June 23rd. TD Securities raised Keyera from a "hold" rating to a "strong-buy" rating and raised their price target for the stock from C$47.00 to C$51.00 in a research note on Friday, June 20th. ATB Capital raised their price target on Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a research note on Monday, June 23rd. Finally, Raymond James Financial raised their price target on Keyera from C$51.00 to C$59.00 and gave the stock an "outperform" rating in a research note on Monday, June 23rd. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Keyera presently has an average rating of "Buy" and a consensus price target of C$51.36.

Keyera Price Performance

TSE KEY traded down C$0.98 during trading on Thursday, hitting C$45.33. 231,677 shares of the stock traded hands, compared to its average volume of 1,266,736. The company has a market capitalization of C$10.39 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. The firm has a 50-day simple moving average of C$44.86 and a 200-day simple moving average of C$43.53. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a 12-month low of C$37.80 and a 12-month high of C$47.90.

Keyera Company Profile

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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