Free Trial

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

Keyera logo with Energy background

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.

Get Our Latest Stock Report on Keyera

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

(Get Free Report)

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.

See Also

Analyst Recommendations for Keyera (TSE:KEY)

Should You Invest $1,000 in Keyera Right Now?

Before you consider Keyera, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Keyera wasn't on the list.

While Keyera currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines