Keyera (TSE:KEY) Price Target Raised to C$46.00 at Royal Bank of Canada

Keyera (TSE:KEY) had its price target upped by analysts at Royal Bank of Canada from C$45.00 to C$46.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 3.14% from the company’s previous close.

Several other analysts have also issued reports on the stock. Scotiabank boosted their price target on shares of Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group boosted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. ATB Capital upped their target price on shares of Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Raymond James upped their target price on shares of Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Citigroup upped their target price on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$43.42.

Keyera Stock Performance

Shares of TSE KEY traded down C$0.04 during midday trading on Wednesday, hitting C$44.60. The company’s stock had a trading volume of 1,981,880 shares, compared to its average volume of 1,023,783. The stock has a fifty day moving average price of C$44.28 and a 200 day moving average price of C$40.56. Keyera has a one year low of C$31.16 and a one year high of C$47.90. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The firm has a market capitalization of C$10.22 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 1.35 and a beta of 2.09.

Insider Activity

In other news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. 0.39% of the stock is owned by corporate insiders.

About Keyera

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.