Keyera (TSE:KEY) Upgraded by BMO Capital Markets to "Outperform" Rating

Keyera (TSE:KEY - Get Free Report) was upgraded by research analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a C$54.00 price target on the stock, up from their prior price target of C$45.50. BMO Capital Markets' price target points to a potential upside of 22.17% from the company's previous close.

Several other research firms have also recently weighed in on KEY. CIBC lowered their price objective on shares of Keyera from C$48.00 to C$47.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. TD Securities raised their price target on Keyera from C$45.00 to C$47.00 and gave the company a "hold" rating in a research report on Thursday, May 22nd. Scotiabank upped their price objective on Keyera from C$50.00 to C$51.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Raymond James Financial upped 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. Finally, National Bankshares lifted their price target on shares of 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. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$47.82.

Keyera Price Performance

Shares of Keyera stock traded up C$2.13 during trading on Wednesday, hitting C$44.20. The stock had a trading volume of 4,150,699 shares, compared to its average volume of 1,274,361. The firm has a market cap of C$10.18 billion, a price-to-earnings ratio of 22.78, a P/E/G 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. The business's 50-day moving average is C$42.29 and its 200 day moving average is C$42.73. 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.

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