CSFB Cuts Keyera (TSE:KEY) Price Target to C$39.00

Keyera (TSE:KEY – Get Rating) had its price objective dropped by investment analysts at CSFB from C$39.50 to C$39.00 in a note issued to investors on Wednesday, BayStreet.CA reports. CSFB’s target price would suggest a potential upside of 28.29% from the stock’s current price.

KEY has been the subject of a number of other research reports. Scotiabank raised their price target on shares of Keyera from C$34.00 to C$37.00 in a research report on Friday, April 21st. Canaccord Genuity Group lowered shares of Keyera from a “buy” rating to a “hold” rating in a report on Friday, April 21st. CIBC upped their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. National Bankshares reduced their price target on shares of Keyera from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Thursday, February 16th. Finally, Stifel Firstegy reissued a “buy” rating on shares of Keyera in a report on Thursday, February 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$35.27.

Keyera Price Performance

Shares of TSE KEY opened at C$30.40 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 149.42. Keyera has a fifty-two week low of C$27.18 and a fifty-two week high of C$35.48. The business has a 50 day moving average price of C$30.82 and a two-hundred day moving average price of C$30.30. The firm has a market cap of C$6.97 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 0.92 and a beta of 2.18.

About Keyera

(Get Rating)

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.