Keyera (TSE:KEY) Given New C$50.00 Price Target at Scotiabank

Keyera (TSE:KEY) had its target price upped by research analysts at Scotiabank from C$48.00 to C$50.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 12.08% from the stock’s previous close.

KEY has been the topic of several other reports. Citigroup lifted their price target on Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. ATB Capital upped their target price on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Raymond James set a C$47.00 price target on shares of Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. Royal Bank of Canada upped their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, National Bankshares lifted their target price on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$43.62.

Keyera Stock Performance

Shares of KEY opened at C$44.61 on Wednesday. Keyera has a one year low of C$31.16 and a one year high of C$47.90. The company has a 50-day simple moving average of C$44.39 and a two-hundred day simple moving average of C$40.68. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The firm has a market capitalization of C$10.22 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Insiders Place Their Bets

In related news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Corporate insiders own 0.39% of the company’s stock.

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.