Raymond James Financial Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY - Get Free Report) had its target price boosted by equities research analysts at Raymond James Financial from C$51.00 to C$59.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's price target would indicate a potential upside of 35.48% from the company's previous close.

Other equities research analysts have also issued research reports about the company. Scotiabank boosted their target price on Keyera from C$51.00 to C$54.00 and gave the company an "outperform" rating in a research note on Monday. Royal Bank Of Canada lifted their price target on Keyera from C$46.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Friday. 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. ATB Capital lifted their target price on shares of Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, TD Securities increased their price target on shares of Keyera from C$47.00 to C$51.00 and gave the company a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Keyera presently has a consensus rating of "Moderate Buy" and an average price target of C$51.18.

Keyera Trading Down 1.6%

Keyera stock traded down C$0.72 during mid-day trading on Monday, hitting C$43.55. The company's stock had a trading volume of 747,517 shares, compared to its average volume of 1,311,705. The business has a 50 day moving average price of C$42.56 and a 200-day moving average price of C$42.67. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a 12 month low of C$35.35 and a 12 month high of C$47.90. The stock has a market cap of C$10.03 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.