BMO Capital Markets Upgrades Keyera (TSE:KEY) to "Strong-Buy"

Keyera (TSE:KEY - Get Free Report) was upgraded by investment analysts at BMO Capital Markets from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a C$54.00 target price on the stock, up from their previous target price of C$45.50. BMO Capital Markets' price objective points to a potential upside of 21.98% from the stock's previous close.

A number of other analysts have also weighed in on the company. National Bankshares increased their target price 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. Scotiabank increased their target price on Keyera from C$50.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. CIBC reduced their target price on Keyera from C$48.00 to C$47.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. TD Securities increased their target price on Keyera from C$45.00 to C$47.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. Finally, 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 research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$49.00.

Keyera Price Performance

Shares of KEY traded up C$0.48 during mid-day trading on Wednesday, hitting C$44.27. 3,859,214 shares of the stock were exchanged, compared to its average volume of 1,317,167. The firm has a 50-day moving average of C$42.56 and a two-hundred day moving average of C$42.72. Keyera has a 52-week low of C$35.35 and a 52-week high of C$47.90. The company 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 debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

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.