Canaccord Genuity Trims Keyera (KEY) Target Price to C$43.00

Keyera (TSE:KEY) had its target price cut by stock analysts at Canaccord Genuity from C$46.00 to C$43.00 in a research report issued on Wednesday. Canaccord Genuity’s price objective would indicate a potential upside of 31.22% from the stock’s current price.

A number of other research analysts have also recently commented on KEY. BMO Capital Markets decreased their price objective on Keyera from C$43.00 to C$42.00 in a report on Tuesday, February 6th. National Bank Financial decreased their price objective on Keyera from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a report on Monday, January 29th. Scotiabank decreased their price objective on Keyera from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Monday, December 11th. TD Securities decreased their price objective on Keyera from C$44.00 to C$43.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Finally, CIBC decreased their price target on Keyera from C$46.00 to C$45.00 in a research note on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$42.88.

Keyera (TSE KEY) traded up C$0.40 on Wednesday, reaching C$32.77. The company had a trading volume of 405,487 shares, compared to its average volume of 498,484. Keyera has a 12-month low of C$31.20 and a 12-month high of C$42.57. The firm has a market capitalization of $6,670.00, a PE ratio of 25.72 and a beta of 0.80.

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Keyera Company Profile

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).

Analyst Recommendations for Keyera (TSE:KEY)

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