Keyera Corp. (KEY) Gets a Buy Rating from CIBC

By Carrie Williams

Yesterday, an analyst has provided a rating update for the Materials sector company, Keyera Corp. (KEYResearch Report). The company received a Buy rating from CIBC’s analyst Robert Catellier, with a C$42 price target.

According to TipRanks.com, Catellier is a 1-star analyst with an average return of -1.9% and a 40.2% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.

Currently, the analyst consensus on Keyera Corp. is a Strong Buy with an average price target of C$39.38, which is a 42.9% upside from current levels. In a report issued on December 10, Raymond James also reiterated a Buy rating on the stock with a C$40 price target.

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The company has a one-year high of C$38.91 and a one-year low of C$27.27. Currently, Keyera Corp. has an average volume of 623.6K.

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$27.56, close to its 52-week low of C$27.27.