Keyera (TSE:KEY) Given New C$47.00 Price Target at Wells Fargo & Company

Keyera (TSE:KEY) had its price target lifted by stock analysts at Wells Fargo & Company from C$46.00 to C$47.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 7.75% from the stock’s previous close.

Several other research firms also recently weighed in on KEY. BMO Capital Markets raised shares of Keyera from a “hold” rating to a “strong-buy” rating and lifted their target price for the stock from C$45.50 to C$54.00 in a research report on Wednesday, June 18th. CIBC boosted their price objective on shares of Keyera from C$47.00 to C$56.00 and gave the company an “outperform” rating in a research report on Monday, June 23rd. Royal Bank Of Canada boosted their price objective on shares of Keyera from C$46.00 to C$53.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Citigroup boosted their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Finally, Tudor Pickering raised shares of Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Keyera has an average rating of “Buy” and a consensus target price of C$50.92.

Keyera Stock Performance

Keyera stock opened at C$43.62 on Wednesday. The firm’s 50 day simple moving average is C$43.20 and its 200-day simple moving average is C$42.65. The company has a market cap of C$10.05 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a fifty-two week low of C$37.80 and a fifty-two week high of C$47.90.

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.