Keyera (TSE:KEY) Given a C$46.00 Price Target by Barclays Analysts

Keyera (TSE:KEY) has been given a C$46.00 price target by equities research analysts at Barclays in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 5.94% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. ATB Capital lifted their price target on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. BMO Capital Markets lifted their price target on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. National Bankshares raised their price objective on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Raymond James raised their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and a consensus price target of C$43.62.

Keyera Stock Performance

Shares of TSE KEY opened at C$43.42 on Thursday. The firm’s 50-day moving average price is C$44.41 and its two-hundred day moving average price is C$40.73. The stock has a market capitalization of C$9.95 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. Keyera has a 52-week low of C$31.16 and a 52-week high of C$47.90.

Insiders Place Their Bets

In other Keyera news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction that occurred on Thursday, December 5th. The shares were 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.