Raymond James Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price objective increased by equities researchers at Raymond James from C$47.00 to C$48.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 7.62% from the stock’s previous close.

Other analysts have also issued reports about the company. Scotiabank boosted their price objective on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup boosted their price objective on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. ATB Capital boosted their price objective on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Jefferies Financial Group boosted their price objective on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, BMO Capital Markets boosted their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Three 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$43.42.

Keyera Stock Down 0.1 %

Shares of TSE:KEY traded down C$0.04 during 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 company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$47.90. The stock’s 50-day moving average price is C$44.28 and its two-hundred day moving average price is C$40.56. The company has a market capitalization of C$10.22 billion, a PE ratio of 29.85, a PEG ratio of 1.35 and a beta of 2.09.

Insider Transactions at Keyera

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

Keyera Company Profile

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.