Canaccord Genuity Thinks Keyera Corp.’s Stock is Going to Recover

By Austin Angelo

Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst David Galison from Canaccord Genuity remains bullish on Keyera Corp. (TSX: KEY) and has a C$43 price target.

According to TipRanks.com, Galison is a 3-star analyst with an average return of 5.0% and a 50.0% success rate. Galison covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Concho Resources, and Pembina Pipeline.

Currently, the analyst consensus on Keyera Corp. is Moderate Buy and the average price target is C$42.08, representing a 30.0% upside.

In a report issued on February 6, BMO Capital also reiterated a Buy rating on the stock with a C$42 price target.

Keyera Corp.’s market cap is currently C$6.13B and has a P/E ratio of 25.5.

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 Tuesday at C$32.37, close to its 52-week low of C$31.20.