Brokerages Set Keyera Corp. (TSE:KEY) Target Price at C$43.62

Keyera Corp. (TSE:KEY) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$43.62.

Several brokerages have issued reports on KEY. Barclays set a C$46.00 target price on Keyera and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their target price on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada increased their price target on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Citigroup lifted their price objective on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. Finally, National Bankshares increased their target price on shares of Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Keyera Price Performance

Shares of KEY opened at C$44.37 on Friday. 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 company has a 50 day moving average price of C$44.28 and a 200-day moving average price of C$41.43. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$47.90. The stock has a market capitalization of C$10.17 billion, a PE ratio of 29.78, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s payout ratio is 139.60%.

Insider Buying and Selling

In other news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value 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.