Keyera Corp (KEY) PT Lowered to C$41.00 at Scotiabank

Keyera Corp (TSE:KEY) had its price objective dropped by analysts at Scotiabank from C$42.00 to C$41.00 in a research note issued to investors on Friday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 10.66% from the stock’s previous close.

KEY has been the topic of several other reports. AltaCorp Capital downgraded Keyera Corp from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 9th. CIBC increased their target price on Keyera Corp from C$48.00 to C$49.00 in a research report on Wednesday, May 10th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Keyera Corp in a research report on Thursday, June 1st. TD Securities reduced their target price on Keyera Corp from C$46.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Raymond James Financial, Inc. reduced their target price on Keyera Corp from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$44.56.

Shares of Keyera Corp (TSE:KEY) traded down 1.46% during mid-day trading on Friday, reaching $36.51. 1,253,938 shares of the company traded hands. The stock has a market capitalization of $6.80 billion and a price-to-earnings ratio of 27.21. Keyera Corp has a 52-week low of $36.44 and a 52-week high of $43.21. The company’s 50 day moving average is $39.75 and its 200 day moving average is $39.59.

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In related news, insider Bradley Wayne Lock sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of C$41.10, for a total transaction of C$308,250.00. Also, insider Michael Andrew Freeman sold 7,300 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of C$41.49, for a total value of C$302,877.00.

About Keyera Corp

Keyera Corp. operates as an energy midstream company in Canada and the United States. The company operates through Gathering and Processing, and Liquids business units. It owns and operates 15 raw gas gathering pipelines and processing plants with approximately 5,000 kilometers to collect and process raw natural gas, remove waste products, and separate the economic components.

Analyst Recommendations for Keyera Corp (TSE:KEY)

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