Scotiabank Raises Keyera (TSE:KEY) Price Target to C$50.00

Keyera (TSE:KEY) had its price target raised by stock analysts at Scotiabank from C$48.00 to C$50.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 12.08% from the company’s current price.

A number of other research firms have also recently commented on KEY. BMO Capital Markets boosted their price target on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. ATB Capital upped their target price on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Royal Bank of Canada increased their target price on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group lifted their price target on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Citigroup increased their price objective on Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and a consensus price target of C$43.62.

Keyera Stock Performance

TSE:KEY opened at C$44.61 on Wednesday. The stock has a market cap of C$10.22 billion, a P/E ratio of 29.94, a PEG ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The business’s 50-day moving average price is C$44.39 and its two-hundred day moving average price is C$40.68. Keyera has a twelve month low of C$31.16 and a twelve month high of C$47.90.

Insider Buying and Selling

In related news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. 0.39% of the stock is owned by insiders.

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.