BMO Capital Markets Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price objective raised by BMO Capital Markets from C$41.00 to C$44.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other research analysts have also issued reports on KEY. Citigroup boosted their target price on Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Royal Bank of Canada boosted their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. National Bankshares raised their target price on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday. Jefferies Financial Group boosted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, ATB Capital raised their price objective on shares of Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$42.58.

Keyera Trading Down 0.0 %

TSE KEY opened at C$45.09 on Friday. The firm’s fifty day moving average is C$42.89 and its two-hundred day moving average is C$39.45. Keyera has a one year low of C$31.16 and a one year high of C$45.67. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. The firm has a market cap of C$10.33 billion, a PE ratio of 30.26, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, September 13th. This is a positive change from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.61%. Keyera’s dividend payout ratio is currently 139.60%.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.