Keyera (TSE:KEY) Price Target Raised to C$44.00 at BMO Capital Markets

Keyera (TSE:KEY) had its target price upped by investment analysts at BMO Capital Markets from C$41.00 to C$44.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential downside of 1.70% from the stock’s previous close.

A number of other equities analysts have also recently commented on KEY. National Bankshares lifted their price target on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday. Jefferies Financial Group lifted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada lifted their price target on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Citigroup boosted their price objective on shares of Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, ATB Capital boosted their price objective on shares of Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$42.25.

Keyera Stock Performance

KEY stock traded up C$0.29 during midday trading on Friday, reaching C$44.76. 387,611 shares of the company’s stock traded hands, compared to its average volume of 989,686. Keyera has a 52-week low of C$31.16 and a 52-week high of C$45.51. The stock has a market cap of C$10.26 billion, a P/E ratio of 30.04, a PEG ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The stock’s 50-day moving average is C$42.68 and its 200 day moving average is C$39.32.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.