Keyera (TSE:KEY) Price Target Raised to C$50.00

Keyera (TSE:KEY) had its price target hoisted by Citigroup from C$46.00 to C$50.00 in a research note released on Monday,BayStreet.CA reports.

A number of other research firms have also weighed in on KEY. BMO Capital Markets increased their price objective on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Raymond James set a C$47.00 price target on Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Jefferies Financial Group boosted their price objective on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. ATB Capital increased their target price on Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada boosted their target price on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.58.

Keyera Trading Up 2.3 %

KEY stock opened at C$47.53 on Monday. Keyera has a twelve month low of C$31.16 and a twelve month high of C$47.58. The stock has a market capitalization of C$10.89 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The firm’s fifty day simple moving average is C$43.15 and its two-hundred day simple moving average is C$39.62.

Keyera Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio is presently 139.60%.

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.