Keyera Corp’s (KEY) Sector Perform Rating Reiterated at Scotiabank
Keyera Corp (TSE:KEY)‘s stock had its “sector perform” rating reaffirmed by research analysts at Scotiabank in a research report issued on Wednesday. They currently have a C$41.00 price target on the stock. Scotiabank’s price objective would suggest a potential upside of 6.30% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. CIBC reduced their target price on Keyera Corp from C$49.00 to C$46.00 in a report on Thursday, August 10th. 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 report on Friday, August 11th. Royal Bank Of Canada reduced their target price on Keyera Corp from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. 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 report on Thursday, August 17th. Finally, National Bank Financial reduced their target price on Keyera Corp from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$44.86.
Shares of Keyera Corp (TSE KEY) traded up 0.18% during mid-day trading on Wednesday, reaching $38.57. The company had a trading volume of 614,734 shares. The firm’s 50 day moving average is $37.35 and its 200-day moving average is $39.06. Keyera Corp has a 12-month low of $35.31 and a 12-month high of $42.57. The stock has a market capitalization of $7.27 billion and a P/E ratio of 28.61.
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In other Keyera Corp news, Director Donald J. Nelson bought 1,850 shares of Keyera Corp stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of C$35.69 per share, with a total value of C$66,026.50. Also, insider Graham Charles Balzun sold 2,100 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of C$35.59, for a total value of C$74,739.00.
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. The Gathering and Processing Business Unit owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs).
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