National Bank Financial Cuts Keyera Corp (KEY) Price Target to C$49.00
Keyera Corp (TSE:KEY) had its price objective decreased by National Bank Financial from C$50.00 to C$49.00 in a research report report published on Thursday morning, StockTargetPrices.com reports. National Bank Financial currently has an outperform rating on the stock.
Other equities research analysts have also issued reports about the company. CIBC upped their price target on Keyera Corp from C$48.00 to C$49.00 in a research report on Wednesday, May 10th. TD Securities dropped their price target on Keyera Corp from C$46.00 to C$44.00 and set a buy rating on the stock in a research report on Friday, August 11th. Royal Bank Of Canada reissued an outperform rating on shares of Keyera Corp in a research report on Thursday, June 1st. Raymond James Financial, Inc. dropped their price target on Keyera Corp from C$45.00 to C$44.00 and set an outperform rating on the stock in a research report on Friday, August 11th. Finally, Scotiabank dropped their price target on Keyera Corp from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research report on Friday, August 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$44.86.
Keyera Corp (TSE KEY) opened at 35.98 on Thursday. The stock has a market capitalization of $6.78 billion and a price-to-earnings ratio of 26.69. Keyera Corp has a 12 month low of $35.31 and a 12 month high of $43.21. The stock’s 50 day moving average is $38.89 and its 200-day moving average is $39.45.
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The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 18th. This represents a $1.68 dividend on an annualized basis and a yield of 4.67%.
In related news, Director Donald J. Nelson acquired 1,850 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of C$35.69 per share, for a total transaction of C$66,026.50. Also, insider Michael Andrew Freeman sold 7,300 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of C$41.49, for a total value of C$302,877.00.
About Keyera Corp
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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