Desjardins Reiterates Their Buy Rating on Keyera Corp. (KEY)

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Keyera Corp. (KEYResearch Report). Yesterday, analyst Justin Bouchard gave a Buy rating to KEY and set a C$40 price target.

According to TipRanks.com, Bouchard is ranked #4630 out of 4918 analysts.

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Keyera Corp. has an analyst consensus of Moderate Buy, with a price target consensus of C$40.67, which is a 27.9% upside from current levels. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$44 price target.

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The company has a one-year high of C$38.91 and a one-year low of C$29.69. Currently, Keyera Corp. has an average volume of 520.3K.

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 Wednesday at C$31.80.