Keyera (KEY) Price Target Increased to C$44.00 by Analysts at Raymond James Financial
Keyera (TSE:KEY) had its target price lifted by equities research analysts at Raymond James Financial from C$41.00 to C$44.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 27.02% from the company’s previous close.
Other research analysts also recently issued research reports about the company. National Bank Financial reduced their price target on Keyera from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. CIBC cut their price objective on Keyera from C$46.00 to C$45.00 in a research note on Tuesday, October 17th. TD Securities cut their price objective on Keyera from C$44.00 to C$43.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Scotiabank restated a “sector perform” rating and set a C$41.00 price objective on shares of Keyera in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada cut their price objective on Keyera from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$43.50.
Shares of Keyera (TSE KEY) traded down C$0.16 during midday trading on Monday, hitting C$34.64. The stock had a trading volume of 837,957 shares, compared to its average volume of 372,353. Keyera has a 52 week low of C$34.07 and a 52 week high of C$42.57.
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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