Scotiabank Raises Keyera (OTCMKTS:KEYUF) Price Target to C$38.00

Keyera (OTCMKTS:KEYUFGet Rating) had its target price upped by investment analysts at Scotiabank from C$37.00 to C$38.00 in a research note issued to investors on Tuesday, The Fly reports.

Other analysts also recently issued reports about the company. TD Securities lifted their target price on Keyera from C$36.00 to C$37.00 in a research report on Wednesday, March 30th. CIBC lifted their target price on Keyera from C$33.00 to C$34.00 in a research report on Tuesday, January 11th. Royal Bank of Canada lifted their target price on Keyera from C$34.00 to C$35.00 in a research report on Wednesday, March 30th. Credit Suisse Group downgraded Keyera from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 8th. Finally, BMO Capital Markets lifted their price objective on Keyera from C$31.00 to C$32.00 in a report on Thursday, February 17th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Keyera currently has an average rating of “Buy” and an average price target of $34.05.

Shares of OTCMKTS:KEYUF traded down $0.09 on Tuesday, hitting $26.77. 1,485 shares of the company’s stock were exchanged, compared to its average volume of 10,555. Keyera has a 12 month low of $20.00 and a 12 month high of $29.50. The business’s 50 day simple moving average is $24.39 and its two-hundred day simple moving average is $23.84.

About Keyera (Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. 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 condensate handling services.

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