Keyera Corp. (TSE:KEY) Receives C$35.72 Consensus Price Target from Brokerages

Keyera Corp. (TSE:KEYGet Free Report) has earned an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$35.72.

A number of research analysts have recently weighed in on KEY shares. Wells Fargo & Company increased their price target on Keyera from C$33.00 to C$34.00 in a research note on Thursday, December 14th. Stifel Nicolaus dropped their price objective on Keyera from C$39.00 to C$38.50 in a research note on Wednesday, December 13th. CIBC raised their price objective on Keyera from C$33.00 to C$35.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. BMO Capital Markets raised their price objective on Keyera from C$34.00 to C$35.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Finally, National Bankshares boosted their price target on Keyera from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th.

Check Out Our Latest Report on KEY

Keyera Stock Up 1.8 %

Shares of KEY opened at C$32.41 on Thursday. The business’s fifty day moving average price is C$32.29 and its two-hundred day moving average price is C$32.48. The company has a debt-to-equity ratio of 151.54, a quick ratio of 0.57 and a current ratio of 1.14. The firm has a market capitalization of C$7.43 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.33 and a beta of 2.07. Keyera has a 52 week low of C$27.98 and a 52 week high of C$34.30.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 29th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Thursday, December 14th. Keyera’s payout ratio is 158.73%.

About Keyera

(Get Free Report

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids in Canada and the United States. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. 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.

Further Reading

Analyst Recommendations for Keyera (TSE:KEY)

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