Citigroup Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price objective increased by equities researchers at Citigroup from C$46.00 to C$50.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. Jefferies Financial Group upped their target price on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada upped their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets lifted their price objective on shares of Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Raymond James set a C$47.00 target price on shares of Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Finally, ATB Capital lifted their price target on Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and an average target price of C$42.58.

Keyera Price Performance

The company has a 50 day moving average price of C$42.89 and a 200-day moving average price of C$39.45. Keyera has a 12-month low of C$31.16 and a 12-month high of C$45.67. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The company has a market cap of C$10.34 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Company Profile

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.