BMO Capital Markets Cuts Keyera (KEY) Price Target to C$42.00
Keyera (TSE:KEY) had its price target reduced by research analysts at BMO Capital Markets from C$43.00 to C$42.00 in a report released on Tuesday. BMO Capital Markets’ target price suggests a potential upside of 27.23% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. TD Securities decreased their target price on Keyera from C$44.00 to C$43.00 and set a “buy” rating for the company in a report on Thursday, November 9th. Raymond James Financial increased their price objective on Keyera from C$41.00 to C$44.00 and gave the stock an “outperform” rating in a report on Monday, December 11th. Scotiabank decreased their price objective on Keyera from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a report on Monday, December 11th. National Bank Financial decreased their price objective on Keyera from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Finally, CIBC decreased their price objective on Keyera from C$46.00 to C$45.00 in a report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$42.86.
Keyera (KEY) opened at C$33.01 on Tuesday. The company has a market capitalization of $6,750.00, a P/E ratio of 25.99 and a beta of 0.80. Keyera has a twelve month low of C$32.01 and a twelve month high of C$42.57.
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Keyera Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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