Royal Bank of Canada Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price target raised by equities research analysts at Royal Bank of Canada from C$45.00 to C$46.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 3.12% from the stock’s current price.

Several other brokerages have also commented on KEY. Jefferies Financial Group boosted their price target on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. BMO Capital Markets upped their target price on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Raymond James lifted their price target on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup increased their price objective on shares of Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. Finally, Scotiabank lifted their target price on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Keyera presently has a consensus rating of “Moderate Buy” and a consensus target price of C$43.62.

Keyera Stock Down 0.7 %

KEY stock opened at C$44.61 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The company’s 50-day moving average price is C$44.39 and its 200 day moving average price is C$40.68. Keyera has a 52 week low of C$31.16 and a 52 week high of C$47.90. The company has a market cap of C$10.22 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.35 and a beta of 2.09.

Insider Buying and Selling

In other news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is owned by company insiders.

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.