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

Keyera (TSE:KEY) had its price target hoisted by equities research analysts at National Bankshares from C$41.00 to C$43.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 2.43% from the stock’s current price.

Several other brokerages have also recently commented on KEY. CIBC dropped their price target on Keyera from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Cibc World Mkts raised shares of Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Keyera has an average rating of “Moderate Buy” and an average target price of C$45.92.

Keyera Price Performance

TSE:KEY opened at C$41.98 on Thursday. The firm’s fifty day moving average is C$42.78 and its two-hundred day moving average is C$43.11. The firm has a market cap of C$9.67 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a one year low of C$35.33 and a one year high of C$47.90.

Keyera Company Profile

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.