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

Keyera (TSE:KEY) had its price objective lifted by investment analysts at Scotiabank from C$60.00 to C$65.00 in a report issued on Tuesday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 14.84% from the company’s previous close.

Several other analysts have also recently issued reports on KEY. National Bank Financial upped their price objective on Keyera from C$50.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce increased their target price on Keyera from C$63.00 to C$65.00 in a research note on Tuesday. Royal Bank Of Canada increased their target price on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets increased their price target on Keyera from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Finally, BMO Capital Markets increased their price target on Keyera from C$60.00 to C$65.00 in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$60.64.

Keyera Price Performance

TSE KEY traded down C$0.60 during trading hours on Tuesday, reaching C$56.60. The company’s stock had a trading volume of 684,666 shares, compared to its average volume of 1,530,922. The firm’s 50-day moving average price is C$54.10 and its 200-day moving average price is C$50.03. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. Keyera has a 1 year low of C$40.09 and a 1 year high of C$59.99. The company has a market capitalization of C$12.98 billion, a price-to-earnings ratio of 71.65, a PEG ratio of 1.35 and a beta of 0.47.

Keyera (TSE:KEY) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The business had revenue of C$1.30 billion during the quarter. On average, equities research analysts predict that Keyera will post 2.2166667 EPS for the current fiscal year.

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