Keyera Corp (TSE:KEY) PT Lowered to C$46.00
Keyera Corp (TSE:KEY) had its price target lowered by equities research analysts at CIBC from C$49.00 to C$46.00 in a report issued on Thursday. CIBC’s target price suggests a potential upside of 20.51% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. AltaCorp Capital downgraded shares of Keyera Corp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 9th. Scotiabank reissued a “sector perform” rating and set a C$42.00 price target on shares of Keyera Corp in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera Corp in a research note on Thursday, June 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$45.44.
Keyera Corp (TSE KEY) traded down 3.51% on Thursday, hitting $36.83. 975,978 shares of the company were exchanged. Keyera Corp has a one year low of $36.56 and a one year high of $43.21. The firm has a market cap of $6.90 billion and a price-to-earnings ratio of 27.75. The stock has a 50 day moving average price of $39.85 and a 200 day moving average price of $39.61.
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In related news, insider Michael Andrew Freeman sold 7,300 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of C$41.49, for a total transaction of C$302,877.00. Also, insider Bradley Wayne Lock sold 7,500 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of C$41.10, for a total transaction of C$308,250.00.
Keyera Corp Company Profile
Keyera Corp. operates as an energy midstream company in Canada and the United States. The company operates through Gathering and Processing, and Liquids business units. It owns and operates 15 raw gas gathering pipelines and processing plants with approximately 5,000 kilometers to collect and process raw natural gas, remove waste products, and separate the economic components.
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