Keyera Corp (TSE:KEY)‘s stock had its “sector perform” rating restated by research analysts at Scotiabank in a report issued on Tuesday. They presently have a C$40.00 target price on the stock. Scotiabank’s price objective indicates a potential downside of 3.85% from the company’s previous close.
A number of other research firms have also recently weighed in on KEY. Raymond James Financial Inc. set a C$46.00 price target on Keyera Corp in a report on Monday, June 6th. TD Securities restated a “hold” rating and issued a C$42.00 price target on shares of Keyera Corp in a report on Thursday, August 11th. National Bank Financial upped their price target on Keyera Corp from C$48.00 to C$49.00 in a report on Monday, July 18th. CIBC lowered their price target on Keyera Corp from C$46.00 to C$45.00 in a report on Wednesday, July 20th. Finally, BMO Capital Markets upped their price target on Keyera Corp from C$41.00 to C$42.00 in a report on Thursday, July 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$43.50.
Keyera Corp (TSE:KEY) traded up 0.29% during midday trading on Tuesday, reaching $41.72. The company’s stock had a trading volume of 100,320 shares. Keyera Corp has a 1-year low of $32.87 and a 1-year high of $43.85. The company has a 50 day moving average price of $40.88 and a 200 day moving average price of $39.15. The firm has a market cap of $7.67 billion and a price-to-earnings ratio of 27.85.
About Keyera Corp
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. It owns and operates raw gas gathering pipelines and processing plants, which collects and processes raw natural gas, removes waste products and separates the economic components through its Gathering and Processing Business Unit.
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