Barclays Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price target upped by equities researchers at Barclays from C$43.00 to C$48.00 in a report issued on Friday,BayStreet.CA reports. Barclays‘s price target points to a potential downside of 7.43% from the company’s current price.

A number of other research firms have also recently commented on KEY. BMO Capital Markets cut their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. TD Securities lifted their price target on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday. Finally, National Bank Financial reduced their price objective on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$51.82.

Keyera Stock Up 1.6%

Shares of TSE KEY traded up C$0.82 during mid-day trading on Friday, hitting C$51.85. The company had a trading volume of 530,547 shares, compared to its average volume of 1,281,239. The company has a market capitalization of C$11.89 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The business’s 50-day simple moving average is C$44.69 and its 200 day simple moving average is C$44.27. Keyera has a 1-year low of C$37.80 and a 1-year high of C$52.13. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. The company had revenue of C$1.70 billion during the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. On average, analysts predict that Keyera will post 2.2166667 earnings per share for the current 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.