Raymond James Increases Keyera (TSE:KEY) Price Target to C$51.00

Keyera (TSE:KEY) had its price objective increased by equities research analysts at Raymond James from C$50.00 to C$51.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 21.49% from the stock’s current price.

Several other analysts also recently commented on the stock. Cibc World Mkts upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. CIBC decreased their price target on Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. TD Securities upped their price objective on Keyera from C$45.00 to C$47.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, National Bankshares increased their target price on Keyera from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average price target of C$45.92.

Keyera Price Performance

TSE KEY opened at C$41.98 on Thursday. 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$35.33 and a 12 month high of C$47.90. The stock 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’s 50 day moving average is C$42.78 and its two-hundred day moving average is C$43.11.

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.