ATB Capital Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price objective increased by analysts at ATB Capital from C$43.00 to C$44.00 in a research report issued on Friday,BayStreet.CA reports. ATB Capital’s price target indicates a potential downside of 1.70% from the stock’s previous close.

KEY has been the subject of a number of other research reports. Royal Bank of Canada lifted their price objective on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. National Bankshares increased their price target on Keyera from C$38.00 to C$39.00 in a research note on Friday. Raymond James set a C$47.00 target price on Keyera and gave the company an “outperform” rating in a report on Friday, October 11th. Jefferies Financial Group increased their price objective 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. Finally, BMO Capital Markets upped their target price on Keyera from C$41.00 to C$44.00 in a research report on Friday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and a consensus price target of C$42.25.

Keyera Stock Performance

TSE:KEY traded up C$0.29 during midday trading on Friday, reaching C$44.76. The stock had a trading volume of 387,611 shares, compared to its average volume of 989,686. Keyera has a 12-month low of C$31.16 and a 12-month high of C$45.51. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The firm has a fifty day simple moving average of C$42.68 and a two-hundred day simple moving average of C$39.32. The stock has a market cap of C$10.26 billion, a P/E ratio of 30.04, a P/E/G ratio of 1.35 and a beta of 2.09.

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.