Keyera (TSE:KEY) Given New C$62.00 Price Target at National Bank Financial

Keyera (TSE:KEY) had its target price decreased by equities researchers at National Bank Financial from C$63.00 to C$62.00 in a report issued on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price target indicates a potential upside of 19.28% from the stock’s current price.

A number of other research analysts have also recently issued reports on KEY. Royal Bank Of Canada lifted their price target on shares of Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets cut their price objective on shares of Keyera from C$63.00 to C$62.00 and set a “market perform” rating on the stock in a report on Wednesday. Citigroup raised their target price on shares of Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Barclays lifted their target price on shares of Keyera from C$56.00 to C$61.00 in a report on Friday, August 7th. Finally, Scotia boosted their price target on Keyera from C$88.00 to C$92.00 and gave the stock a “sector perform” rating in a research report on Friday, September 4th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Keyera presently has a consensus rating of “Moderate Buy” and an average target price of C$73.07.

Keyera Stock Up 1.4%

KEY traded up C$0.72 during trading on Wednesday, reaching C$51.98. The stock had a trading volume of 435,091 shares, compared to its average volume of 1,419,277. The stock’s 50 day moving average is C$54.18 and its two-hundred day moving average is C$54.54. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 160.65. The company has a market capitalization of C$15.25 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 1.35 and a beta of 0.67. Keyera has a one year low of C$40.09 and a one year high of C$61.41.

Keyera (TSE:KEY) last announced its quarterly earnings data on Tuesday, November 10th. The company reported C($0.23) EPS for the quarter. The firm had revenue of C$2.44 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. As a group, analysts expect that Keyera will post 2.22 earnings per share for the current year.

Insider Activity

In other news, Director Taylor Timothy Kitchen bought 500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the completion of the purchase, the director owned 7,500 shares in the company, valued at approximately C$418,050. This represents a 7.14% increase in their position. Corporate insiders own 0.39% of the company’s stock.

About Keyera

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.