Keyera (TSE:KEY) Given New C$65.00 Price Target at BMO Capital Markets

Keyera (TSE:KEY) had its target price raised by research analysts at BMO Capital Markets from C$60.00 to C$65.00 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 14.84% from the stock’s previous close.

A number of other research firms have also commented on KEY. TD set a C$68.00 target price on shares of Keyera and gave the stock a “buy” rating in a report on Tuesday, June 9th. National Bank Financial lifted their target price on shares of Keyera from C$50.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Raymond James Financial lifted their target price on shares of Keyera from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Citigroup lifted their target price on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, ATB Cormark Capital Markets lifted their target price on shares of Keyera from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Keyera has an average rating of “Moderate Buy” and an average price target of C$60.64.

Keyera Price Performance

Shares of TSE:KEY traded down C$0.60 during trading on Tuesday, reaching C$56.60. The stock had a trading volume of 684,666 shares, compared to its average volume of 1,530,922. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57. The stock has a market capitalization of C$12.98 billion, a PE ratio of 71.65, a P/E/G ratio of 1.35 and a beta of 0.47. The business’s 50-day moving average price is C$54.10 and its 200 day moving average price is C$50.03. Keyera has a 52 week low of C$40.09 and a 52 week high of C$59.99.

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

About Keyera

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.