Scotiabank Increases Keyera (TSE:KEY) Price Target to C$37.00

Keyera (TSE:KEY – Get Rating) had its target price raised by research analysts at Scotiabank from C$34.00 to C$37.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 16.98% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. CIBC boosted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Stifel Nicolaus set a C$36.00 price target on shares of Keyera and gave the stock a “buy” rating in a research report on Friday, February 10th. National Bankshares cut their price objective on Keyera from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a report on Thursday, February 16th. CSFB boosted their price objective on Keyera from C$36.00 to C$39.50 in a report on Wednesday, February 8th. Finally, Canaccord Genuity Group lowered their target price on Keyera from C$36.00 to C$34.00 in a research note on Wednesday, March 29th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and an average target price of C$35.31.

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Keyera Stock Up 0.1 %

Shares of TSE:KEY opened at C$31.63 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 138.50. The company has a fifty day simple moving average of C$30.29 and a 200 day simple moving average of C$29.82. The firm has a market cap of C$7.25 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 0.92 and a beta of 2.17. Keyera has a 12-month low of C$27.18 and a 12-month high of C$35.48.

Keyera (TSE:KEY – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported C$0.27 EPS for the quarter, hitting analysts’ consensus estimates of C$0.27. The firm had revenue of C$1.78 billion during the quarter. Keyera had a net margin of 4.65% and a return on equity of 11.99%. On average, equities research analysts anticipate that Keyera will post 1.9092559 EPS for the current fiscal year.

About Keyera

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Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment 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; and provides condensate handling services.

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