Keyera (TSE:KEY) Given a C$65.00 Price Target at Jefferies Financial Group

Keyera (TSE:KEY) received a C$65.00 price objective from equities research analysts at Jefferies Financial Group in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 10.38% from the stock’s current price.

A number of other brokerages have also commented on KEY. TD upped their target price on Keyera from C$60.00 to C$61.00 and gave the company a “buy” rating in a research report on Friday. Scotia upped their target price on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday. National Bank Financial upped their target price on Keyera from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday. Barclays upped their target price on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Finally, ATB Cormark Capital Markets upped their target price on Keyera from C$52.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and a consensus price target of C$57.29.

Keyera Stock Up 2.5%

KEY stock traded up C$1.45 during trading on Tuesday, reaching C$58.89. 868,532 shares of the company traded hands, compared to its average volume of 1,446,380. Keyera has a 12 month low of C$40.09 and a 12 month high of C$59.02. The business has a 50 day simple moving average of C$52.45 and a 200 day simple moving average of C$47.85. The company has a market capitalization of C$13.50 billion, a price-to-earnings ratio of 74.54, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The business had revenue of C$1.30 billion for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. On average, equities research analysts anticipate that Keyera will post 2.2166667 earnings per share for the current fiscal year.

About Keyera

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.