Scotiabank Raises Keyera (TSE:KEY) Price Target to C$66.00

Keyera (TSE:KEY) had its price objective raised by equities researchers at Scotiabank from C$65.00 to C$66.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 9.02% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial cut their price objective on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. National Bank Financial lifted their target price on shares of Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Scotia boosted their price target on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets upped their price target on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. Finally, Barclays raised their price objective on Keyera from C$53.00 to C$56.00 in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average price target of C$60.93.

Keyera Stock Performance

Shares of Keyera stock opened at C$60.54 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 0.57 and a debt-to-equity ratio of 249.10. The firm has a market capitalization of C$17.76 billion, a P/E ratio of 76.63, a P/E/G ratio of 1.35 and a beta of 0.49. The business has a fifty day simple moving average of C$57.70 and a two-hundred day simple moving average of C$52.60. Keyera has a 12 month low of C$40.09 and a 12 month high of C$60.67.

Keyera (TSE:KEY) last released its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The business had revenue of C$1.30 billion during the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. On average, equities analysts forecast that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.