National Bankshares Lowers Keyera (TSE:KEY) Price Target to C$34.00

Keyera (TSE:KEYGet Rating) had its price target cut by equities research analysts at National Bankshares from C$35.00 to C$34.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 18.18% from the stock’s current price.

KEY has been the subject of several other research reports. Credit Suisse Group dropped their price objective on shares of Keyera to C$35.50 in a research note on Tuesday, October 25th. CIBC decreased their target price on shares of Keyera from C$34.00 to C$33.00 and set an “outperform” rating on the stock in a report on Thursday. BMO Capital Markets decreased their target price on shares of Keyera from C$34.00 to C$33.50 in a report on Thursday. Scotiabank decreased their target price on shares of Keyera from C$38.00 to C$34.00 in a report on Thursday, October 20th. Finally, ATB Capital decreased their target price on shares of Keyera from C$36.00 to C$35.00 in a report on Thursday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$33.96.

Keyera Stock Up 2.0 %

Shares of TSE KEY opened at C$28.77 on Thursday. Keyera has a 12-month low of C$26.34 and a 12-month high of C$35.48. The stock has a market cap of C$6.36 billion and a PE ratio of 14.17. The company has a current ratio of 1.12, a quick ratio of 0.75 and a debt-to-equity ratio of 141.51. The company has a 50-day moving average of C$29.29 and a 200 day moving average of C$31.01.

About Keyera

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Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. 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 condensate handling services.

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