Raymond James Thinks Keyera Corp.’s Stock is Going to Recover


Keyera Corp. (KEY), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Buy rating from Raymond James’ analyst Chris Cox, with a C$39 price target.

According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.6% and a 45.6% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Keyera Corp. with a C$39.75 average price target.

Keyera Corp.’s market cap is currently C$5.92B and has a P/E ratio of 18.1. The company has a Price to Book ratio of 2.29.

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$28.33, close to its 52-week low of C$27.27.

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