National Bank Financial Lowers Keyera Corp (KEY) Price Target to C$49.00
Keyera Corp (TSE:KEY) had its price objective cut by stock analysts at National Bank Financial from C$50.00 to C$49.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 28.37% from the company’s previous close.
Other research analysts have also issued reports about the company. AltaCorp Capital lowered Keyera Corp from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 9th. Scotiabank reissued a “sector perform” rating and issued a C$42.00 price target on shares of Keyera Corp in a research report on Tuesday, May 2nd. CIBC boosted their price target on Keyera Corp from C$48.00 to C$49.00 in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera Corp in a research report on Thursday, June 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$45.44.
Keyera Corp (TSE KEY) traded down 3.51% during trading on Thursday, reaching $36.83. The company’s stock had a trading volume of 975,978 shares. The company has a market capitalization of $6.90 billion and a P/E ratio of 27.75. Keyera Corp has a 12-month low of $36.56 and a 12-month high of $43.21. The firm’s 50-day moving average price is $39.85 and its 200 day moving average price is $39.61.
In related news, insider Michael Andrew Freeman sold 7,300 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$41.49, for a total transaction of C$302,877.00. Also, insider Bradley Wayne Lock sold 7,500 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of C$41.10, for a total value of C$308,250.00.
Keyera Corp Company Profile
Keyera Corp. operates as an energy midstream company in Canada and the United States. The company operates through Gathering and Processing, and Liquids business units. It owns and operates 15 raw gas gathering pipelines and processing plants with approximately 5,000 kilometers to collect and process raw natural gas, remove waste products, and separate the economic components.
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