Keyera Corp. Got Some Good News

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Keyera Corp. (TSX: KEY). The company received a Buy rating from GMP FirstEnergy’s analyst Ian Gillies, with a C$44 price target.

Gillies has an average return of 2.6% when recommending Keyera Corp..

According to TipRanks.com, Gillies is ranked #4531 out of 4835 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Keyera Corp. with a C$42.80 average price target.

Keyera Corp.’s market cap is currently C$7.7B and has a P/E ratio of 26. The company has a Price to Book ratio of 3.05.

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$37.39.