Keyera (TSE:KEY) Stock Price Expected to Rise, CIBC Analyst Says

Keyera (TSE:KEY) had its price objective hoisted by analysts at CIBC from C$46.00 to C$48.00 in a report released on Friday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 14.15% from the stock’s current price.

KEY has been the subject of a number of other research reports. Royal Bank of Canada increased their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets upped their price objective on Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. TD Securities set a C$45.00 price objective on Keyera and gave the company a “hold” rating in a research note on Wednesday, January 15th. National Bankshares upped their price objective on Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Finally, Citigroup upped their price objective on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$44.77.

Keyera Stock Down 0.4 %

KEY stock opened at C$42.05 on Friday. The stock has a market capitalization of C$9.69 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. Keyera has a 12 month low of C$31.57 and a 12 month high of C$47.90. The firm has a 50-day moving average price of C$42.93 and a 200-day moving average price of C$42.52.

Insider Transactions at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction that occurred 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. Insiders own 0.39% of the company’s stock.

About Keyera

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.