Keyera (TSE:KEY) Given New C$60.00 Price Target at Royal Bank Of Canada

Keyera (TSE:KEY) had its price objective raised by equities researchers at Royal Bank Of Canada from C$55.00 to C$60.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 5.56% from the company’s previous close.

KEY has been the topic of several other reports. Barclays upped their price objective on shares of Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. TD Securities upped their price objective on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. TD upped their price objective on shares of Keyera from C$60.00 to C$61.00 and gave the company a “buy” rating in a report on Friday. Raymond James Financial upped their price objective on shares of Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. Finally, Citigroup increased their price target on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$56.69.

Keyera Stock Performance

TSE KEY traded up C$1.73 during trading hours on Friday, reaching C$56.84. 1,431,462 shares of the company were exchanged, compared to its average volume of 1,404,326. Keyera has a 1 year low of C$40.09 and a 1 year high of C$57.22. The business’s 50 day simple moving average is C$52.26 and its 200-day simple moving average is C$47.64. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74. The stock has a market capitalization of C$13.03 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The company had revenue of C$1.30 billion for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. On average, equities research analysts expect that Keyera will post 2.2166667 earnings per share for the current year.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.