Keyera (TSE:KEY) Given New C$56.00 Price Target at Barclays

Keyera (TSE:KEY) had its price objective lifted by research analysts at Barclays from C$53.00 to C$56.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Barclays‘s target price points to a potential downside of 4.58% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. TD set a C$68.00 price target on Keyera and gave the company a “buy” rating in a research report on Tuesday, June 9th. Scotiabank boosted their price objective on shares of Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Royal Bank Of Canada upped their target price on shares of Keyera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. BMO Capital Markets increased their target price on shares of Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Finally, ATB Cormark Capital Markets raised their price target on shares of Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$60.86.

Keyera Stock Performance

Shares of Keyera stock traded up C$0.07 during trading hours on Wednesday, reaching C$58.69. The company had a trading volume of 211,863 shares, compared to its average volume of 1,520,862. Keyera has a one year low of C$40.09 and a one year high of C$59.99. The business has a fifty day simple moving average of C$56.78 and a 200 day simple moving average of C$51.95. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57. The firm has a market cap of C$17.22 billion, a PE ratio of 74.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The company had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. On average, analysts anticipate 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.