Keyera Corp. Gets a Buy Rating from Canaccord Genuity

By Ryan Adsit

Today, an analyst has provided a rating update for the Materials sector company, Keyera Corp. (TSX: KEY). The company received a Buy rating from Canaccord Genuity’s analyst David Galison, with a C$43 price target.

Galison has an average return of 1.0% when recommending Keyera Corp..

According to TipRanks.com, Galison is ranked #1043 out of 4800 analysts.

Currently, the analyst consensus on Keyera Corp. is Moderate Buy and the average price target is C$41, representing a 13.1% upside.

In a report issued on May 8, CIBC also reiterated a Buy rating on the stock with a C$45 price target.

The company has a one-year high of C$42.57 and a one-year low of C$31.20. Currently, Keyera Corp. has an average volume of 474.3K.

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 Monday at C$36.25.