BMO Capital Markets Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price objective lifted by BMO Capital Markets from C$41.00 to C$44.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential downside of 2.46% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Raymond James set a C$47.00 price objective on Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. National Bankshares upped their price objective on Keyera from C$38.00 to C$39.00 in a research report on Friday. Jefferies Financial Group increased their price target on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Citigroup increased their price target on Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, ATB Capital increased their price target on Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$42.25.

Keyera Stock Performance

TSE KEY opened at C$45.11 on Friday. The business’s 50 day moving average price is C$42.78 and its 200-day moving average price is C$39.39. The company has a market cap of C$10.34 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$45.51.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.