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

By Austin Angelo

A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst Bill Cabel from Desjardins remains bullish on Keyera Corp. (KEYResearch Report) and has a C$34 price target.

Cabel has an average return of 2.4% when recommending Keyera Corp..

According to TipRanks.com, Cabel is ranked #585 out of 5156 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Keyera Corp. with a C$37.13 average price target, implying a 30.9% upside from current levels. In a report issued on January 23, National Bank also maintained a Buy rating on the stock with a C$40 price target.

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Keyera Corp.’s market cap is currently C$5.9B and has a P/E ratio of 18. The company has a Price to Book ratio of 2.28.

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$28.37.