Keyera (TSE:KEY) Price Target Raised to C$62.00 at Royal Bank Of Canada

Keyera (TSE:KEY) had its price target increased by equities researchers at Royal Bank Of Canada from C$60.00 to C$62.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.54% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Barclays lifted their price objective on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Scotiabank lifted their price objective on Keyera from C$60.00 to C$65.00 in a report on Tuesday. Scotia boosted their price target on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. TD set a C$68.00 price target on Keyera and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, BMO Capital Markets boosted their price target on Keyera from C$60.00 to C$65.00 in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average price target of C$60.64.

Keyera Stock Performance

KEY traded down C$0.60 during trading on Tuesday, reaching C$56.60. The company’s stock had a trading volume of 684,666 shares, compared to its average volume of 1,530,922. Keyera has a 52-week low of C$40.09 and a 52-week high of C$59.99. The company’s fifty day moving average price is C$54.10 and its 200-day moving average price is C$50.03. The company has a market capitalization of C$12.98 billion, a price-to-earnings ratio of 71.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47. 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 announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The business had revenue of C$1.30 billion during the quarter. On average, equities analysts forecast 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.