Keyera (TSE:KEY) Price Target Raised to C$46.00

Keyera (TSE:KEY) had its target price raised by Royal Bank of Canada from C$45.00 to C$46.00 in a report issued on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on KEY. Scotiabank increased their target price on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group increased their target price on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. Citigroup increased their target price on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. ATB Capital increased their target price on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Finally, Raymond James increased their target price on Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$43.62.

Keyera Trading Down 1.5 %

Shares of TSE:KEY opened at C$43.42 on Wednesday. The company has a market cap of C$9.95 billion, a P/E ratio of 29.14, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. Keyera has a 1 year low of C$31.16 and a 1 year high of C$47.90. The stock’s fifty day moving average price is C$44.41 and its 200-day moving average price is C$40.73.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, December 13th. Keyera’s dividend payout ratio is currently 139.60%.

Insider Buying and Selling

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is currently owned by company insiders.

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.