Keyera (TSE:KEY) Price Target Raised to C$44.00

Keyera (TSE:KEY) had its target price hoisted by BMO Capital Markets from C$41.00 to C$44.00 in a research report released on Friday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Citigroup boosted their target price on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. ATB Capital upped their price target on Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their price target on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. National Bankshares lifted their target price on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday. Finally, Royal Bank of Canada upped their target price on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Keyera currently has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Price Performance

Shares of KEY opened at C$45.11 on Friday. The company has a 50 day moving average price of C$42.78 and a 200-day moving average price of C$39.39. 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 stock has a market capitalization of C$10.34 billion, a PE ratio of 30.28, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$45.51.

Keyera Increases Dividend

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

About Keyera

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.