Keyera (TSE:KEY) Given a C$65.00 Price Target at Jefferies Financial Group

Keyera (TSE:KEY) has been assigned a C$65.00 target price by research analysts at Jefferies Financial Group in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 10.38% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. National Bank Financial increased their target price on Keyera from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday. Scotia increased their target price on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday. ATB Cormark Capital Markets increased their target price on Keyera from C$52.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Friday. Barclays increased their target price on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Finally, TD Securities increased their target price on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$57.29.

Keyera Stock Performance

Keyera stock traded up C$1.45 during mid-day trading on Tuesday, hitting C$58.89. The company had a trading volume of 868,532 shares, compared to its average volume of 1,446,380. The company has a current ratio of 1.60, a quick ratio of 0.57 and a debt-to-equity ratio of 249.10. Keyera has a 12-month low of C$40.09 and a 12-month high of C$59.02. The company’s fifty day moving average is C$52.45 and its 200-day moving average is C$47.85. The company has a market capitalization of C$13.50 billion, a price-to-earnings ratio of 74.54, 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) EPS for the quarter. The business had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. Equities research analysts predict that Keyera will post 2.2166667 EPS for the current 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.