Keyera (TSE:KEY) Given New C$60.00 Price Target at Royal Bank Of Canada

Keyera (TSE:KEY) had its price target raised by equities researchers at Royal Bank Of Canada from C$55.00 to C$60.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 5.56% from the stock’s current price.

KEY has been the topic of a number of other reports. Citigroup increased their price target on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. TD Securities increased their price target on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. TD increased their price target on shares of Keyera from C$60.00 to C$61.00 and gave the company a “buy” rating in a research report on Friday. Barclays increased their price target on shares of 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, National Bank Financial raised their target price on shares of Keyera from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$56.69.

Keyera Price Performance

Shares of KEY stock traded up C$1.73 during trading on Friday, hitting C$56.84. The company had a trading volume of 1,431,462 shares, compared to its average volume of 1,404,326. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74. The stock’s 50-day moving average is C$52.26 and its two-hundred day moving average is C$47.64. The stock has a market capitalization of C$13.03 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. Keyera has a 52 week low of C$40.09 and a 52 week high of C$57.22.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The business had revenue of C$1.30 billion for the quarter. As a group, analysts predict that Keyera will post 2.2166667 EPS 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.