Royal Bank of Canada Raises Keyera (TSE:KEY) Price Target to C$46.00

Keyera (TSE:KEY) had its price objective raised by stock analysts at Royal Bank of Canada from C$45.00 to C$46.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 3.12% from the company’s current price.

KEY has been the subject of several other research reports. Raymond James boosted their target price on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank boosted their price objective on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group increased their target price on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. ATB Capital boosted their price target on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Finally, National Bankshares upped their price objective on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$43.62.

Keyera Stock Down 0.7 %

Keyera stock opened at C$44.61 on Wednesday. The stock’s fifty day moving average is C$44.39 and its two-hundred day moving average is C$40.68. The stock has a market cap of C$10.22 billion, a PE ratio of 29.94, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 1-year low of C$31.16 and a 1-year high of C$47.90. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57.

Insider Buying and Selling

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Corporate insiders own 0.39% of the company’s stock.

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.