Keyera (TSE:KEY) Stock Price Expected to Rise, Citigroup Analyst Says

Keyera (TSE:KEY) had its target price hoisted by equities researchers at Citigroup from C$50.00 to C$51.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 18.66% from the company’s previous close.

Several other analysts also recently weighed in on KEY. Raymond James Financial increased their target price on Keyera from C$51.00 to C$59.00 and gave the company an “outperform” rating in a research note on Monday, June 23rd. ATB Capital increased their target price on Keyera from C$46.00 to C$48.00 and gave the company a “sector perform” rating in a research note on Monday, June 23rd. National Bankshares set a C$45.00 target price on Keyera and gave the company a “sector perform” rating in a research note on Friday, June 20th. Scotiabank increased their target price on Keyera from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada increased their target price on Keyera from C$46.00 to C$53.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$51.27.

Keyera Stock Performance

KEY opened at C$42.98 on Thursday. The company has a market cap of C$9.90 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock has a 50-day moving average of C$42.96 and a 200-day moving average of C$42.66. Keyera has a 52-week low of C$35.35 and a 52-week high of C$47.90. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Keyera Company Profile

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.