Scotiabank Lowers Keyera (KEY) Price Target to C$39.00
Keyera (TSE:KEY) had its target price reduced by investment analysts at Scotiabank from C$41.00 to C$39.00 in a report issued on Monday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 12.59% from the stock’s current price.
Several other analysts have also issued reports on KEY. National Bank Financial cut their price objective on Keyera from C$48.00 to C$45.00 and set an “outperform” rating for the company in a report on Monday. TD Securities cut their target price on Keyera from C$43.00 to C$42.00 and set a “buy” rating on the stock in a report on Monday. BMO Capital Markets set a C$43.00 target price on Keyera and gave the company an “outperform” rating in a report on Monday. CIBC cut their target price on Keyera from C$46.00 to C$45.00 in a report on Monday. Finally, Raymond James Financial cut their target price on Keyera from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report 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. Keyera currently has a consensus rating of “Buy” and an average price target of C$43.50.
Keyera (TSE KEY) traded down C$0.16 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 one year low of C$34.07 and a one year 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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