Desjardins Remains a Buy on Keyera Corp. (KEY)


Keyera Corp. (KEY), the Materials sector company, has received a rating update from a Wall Street analyst on May 15. The company received a Buy on May 15 from Desjardins’ analyst Justin Bouchard, with a C$38 price target.

According to TipRanks.com, Bouchard is ranked #5056 out of 5190 analysts.

Keyera Corp. has an analyst consensus of Strong Buy, with a price target consensus of C$38.79, representing a 15.9% upside. In a report issued on May 15, Raymond James also maintained a Buy rating on the stock with a C$42 price target.

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Keyera Corp.’s market cap is currently C$7.04B and has a P/E ratio of 17.5. The company has a Price to Book ratio of 2.58.

Keyera Corp. engages in the provision of energy midstream business. It involves in the exploration, and production of oil and gas and services including refining, distribution, as well as retail and marketing of finished products. It operates through the Gathering and Processing; and Liquid Business units.

The company’s shares closed on Thursday at C$33.46.

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