Royal Bank of Canada Increases Keyera (TSE:KEY) Price Target to C$37.00

Keyera (TSE:KEYGet Rating) had its price objective hoisted by equities research analysts at Royal Bank of Canada from C$35.00 to C$37.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 14.27% from the company’s current price.

Several other research firms have also issued reports on KEY. CIBC boosted their price target on Keyera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets boosted their price target on Keyera from C$31.00 to C$32.00 in a report on Thursday, February 17th. Tudor Pickering reissued a “hold” rating and set a C$31.00 price target on shares of Keyera in a report on Wednesday, February 16th. Scotiabank boosted their price objective on Keyera from C$37.00 to C$38.00 in a research report on Tuesday, April 19th. Finally, Canaccord Genuity Group boosted their price objective on Keyera from C$34.00 to C$35.00 in a research report on Thursday, February 3rd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to, the company currently has an average rating of “Buy” and a consensus price target of C$35.77.

Shares of KEY opened at C$32.38 on Thursday. The company has a debt-to-equity ratio of 139.14, a current ratio of 1.20 and a quick ratio of 0.84. Keyera has a one year low of C$26.34 and a one year high of C$35.75. The firm has a market capitalization of C$7.16 billion and a P/E ratio of 22.07. The business has a fifty day moving average of C$31.72 and a 200 day moving average of C$30.15.

Keyera (TSE:KEYGet Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.52 by C$0.24. The company had revenue of C$1.74 billion for the quarter. Analysts expect that Keyera will post 2.1400001 EPS for the current fiscal year.

About Keyera (Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment 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; and provides condensate handling services.

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