Keyera Corp. (KEY) Receives a Buy from Raymond James

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Keyera Corp. (KEYResearch Report). Analyst Chris Cox from Raymond James rated Keyera Corp. (KEYResearch Report) a Buy today, setting a C$40 price target.

According to TipRanks.com, Cox is a 2-star analyst with an average return of 0.2% and a 47.9% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.

Keyera Corp. has an analyst consensus of Strong Buy, with a price target consensus of C$37.38.

Keyera Corp.’s market cap is currently C$6.65B and has a P/E ratio of 16.5. The company has a Price to Book ratio of 2.44.

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 Wednesday at C$33.76.