07:39:52 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Keyera Corp
Symbol KEY
Shares Issued 229,153,373
Close 2023-11-10 C$ 31.82
Market Cap C$ 7,291,660,329
Recent Sedar Documents

Globe says BMO's Pham keeps Keyera at "market perform"

2023-11-10 08:28 ET - In the News

The Globe and Mail reports in its Friday edition that BMO analyst Ben Pham continues to rank Keyera "market perform." The Globe's David Leeder writes that Mr. Pham boosted his share target by a loonie to $35. Analysts on average target the shares at $35.54. Mr. Pham says in a note: "The Q3/23 results highlighted favorable trends in all of Keyera's business segments (5-per-cent EBITDA beat) and potentially a stronger long-term growth outlook than currently expected -- for example, we believe the 6- to 7-per-cent EBITDA growth through 2025 could be revised higher come the December business update, which is on top of a potential upward revision to base Marketing guidance. Accordingly, while we are maintaining our 'market perform' rating mainly on year-to-date relative strength, tactically, near-term sentiment could be tilted more to the upside than downside." The Globe reported on March 30 and April 22 that Canaccord Genuity rated Keyera "buy" and "hold." Canaccord said it issued its "hold" in response to Keyera's "outsized gains in 2023." The shares were then worth $29.48 and $32.06. The Globe reported on Oct. 6 that Citi analyst Spiro Dounis rated Keyera "buy" in new coverage. It was then worth $31.05.

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