Keyera (TSE:KEY) Price Target Raised to C$61.00 at Barclays

Keyera (TSE:KEY) had its price objective raised by stock analysts at Barclays from C$56.00 to C$61.00 in a research note issued to investors on Friday,BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 6.16% from the company’s previous close.

A number of other analysts have also recently issued reports on KEY. Raymond James Financial lowered their price objective on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. ATB Cormark Capital Markets lifted their price target on shares of Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. Royal Bank Of Canada increased their price objective on shares of Keyera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Finally, Scotiabank raised their price objective on shares of Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.29.

Keyera Stock Performance

Shares of TSE KEY traded down C$1.33 during mid-day trading on Friday, hitting C$57.46. The company had a trading volume of 443,163 shares, compared to its average volume of 1,476,522. Keyera has a 12 month low of C$40.09 and a 12 month high of C$61.41. The firm has a market cap of C$16.86 billion, a P/E ratio of 72.73, a PEG ratio of 1.35 and a beta of 0.48. The business’s 50-day simple moving average is C$58.15 and its 200-day simple moving average is C$53.86. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The firm had revenue of C$2.40 billion for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. As a group, analysts predict 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.