Analysts Set Keyera Corp. (TSE:KEY) Price Target at C$44.77

Shares of Keyera Corp. (TSE:KEY) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$44.77.

A number of research firms have recently weighed in on KEY. Scotiabank upped their price target on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Raymond James increased their target price on shares of Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. TD Securities set a C$45.00 target price on shares of Keyera and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Royal Bank of Canada increased their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, CIBC increased their target price on shares of Keyera from C$46.00 to C$48.00 in a research report on Friday, February 14th.

Keyera Trading Down 0.1 %

TSE KEY opened at C$42.44 on Friday. Keyera has a 1-year low of C$33.60 and a 1-year high of C$47.90. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The company has a market capitalization of C$9.78 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The firm’s fifty day simple moving average is C$42.15 and its 200-day simple moving average is C$42.92.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, March 17th. Keyera’s dividend payout ratio (DPR) is presently 107.20%.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.