National Bankshares Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price target lifted by research analysts at National Bankshares from C$38.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. National Bankshares’ price target would suggest a potential downside of 12.87% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group raised their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. BMO Capital Markets boosted their price objective on shares of Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Raymond James set a C$47.00 price target on shares of Keyera and gave the stock an “outperform” rating in a research report on Friday, October 11th. Citigroup upped their price objective on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada increased their price target on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Stock Up 0.7 %

Shares of Keyera stock traded up C$0.29 during trading hours on Friday, hitting C$44.76. 387,611 shares of the company’s stock traded hands, compared to its average volume of 989,686. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The stock has a 50 day simple moving average of C$42.68 and a 200-day simple moving average of C$39.32. Keyera has a twelve month low of C$31.16 and a twelve month high of C$45.51. The company has a market cap of C$10.26 billion, a PE ratio of 30.05, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.