Keyera Corp (KEY) Stock Rating Reaffirmed by Scotiabank
Keyera Corp (TSE:KEY)‘s stock had its “sector perform” rating reaffirmed by research analysts at Scotiabank in a report issued on Thursday. They presently have a C$40.00 price objective on the stock. Scotiabank’s price target points to a potential upside of 6.92% from the company’s current price.
A number of other research firms have also commented on KEY. CIBC raised their price objective on Keyera Corp from C$45.00 to C$47.00 in a research note on Wednesday, October 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Keyera Corp in a research note on Wednesday, November 9th. FirstEnergy Capital raised their price objective on Keyera Corp from C$38.00 to C$42.50 in a research note on Thursday, August 11th. TD Securities restated a “hold” rating and set a C$42.00 price objective on shares of Keyera Corp in a research note on Thursday, August 11th. Finally, National Bank Financial raised their price objective on Keyera Corp from C$48.00 to C$49.00 in a research note on Monday, July 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$43.68.
Keyera Corp (TSE:KEY) opened at 37.41 on Thursday. The firm has a market cap of $7.00 billion and a price-to-earnings ratio of 32.67. The stock’s 50 day moving average price is $40.78 and its 200 day moving average price is $39.37. Keyera Corp has a 52 week low of $32.87 and a 52 week high of $43.21.
Keyera Corp 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. It owns and operates raw gas gathering pipelines and processing plants, which collects and processes raw natural gas, removes waste products and separates the economic components through its Gathering and Processing Business Unit.
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