Smarter Analyst

Keyera Corp. (KEY) Gets a Hold Rating from GMP FirstEnergy

Keyera Corp. (KEY), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Ian Gillies from GMP FirstEnergy rated Keyera Corp. (KEY) a Hold, setting a C$36 price target.

According to TipRanks.com, Gillies is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.8% and a 39.0% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as TC Energy Corporation, Gibson Energy Inc, and Pembina Pipeline.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Keyera Corp. with a C$39.56 average price target.

Keyera Corp.’s market cap is currently C$7.37B and has a P/E ratio of 21.2. The company has a Price to Book ratio of 2.72.

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$34.72.