Keyera Corp. Gets a Buy Rating from CIBC

By Ryan Adsit

The Materials sector company, Keyera Corp. (TSX: KEY), has received a rating update from a Wall Street analyst yesterday. The company received a Buy rating from CIBC’s analyst Robert Catellier, with a C$46 price target.

According to TipRanks.com, Catellier is ranked #3398 out of 4765 analysts.

Currently, the analyst consensus on Keyera Corp. is Moderate Buy and the average price target is C$41.83, representing a 22.8% upside.

In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$43 price target.

Keyera Corp.’s market cap is currently C$6.89B and has a P/E ratio of 22.

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$34.07.