Barclays Analysts Give Keyera (TSE:KEY) a C$46.00 Price Target

Barclays set a C$46.00 price target on Keyera (TSE:KEY) in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup upped their price objective on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Jefferies Financial Group raised 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. BMO Capital Markets upped their price target on Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Finally, Scotiabank increased their price objective on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Keyera 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 Thursday. The stock has a market cap of C$9.95 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.35 and a beta of 2.09. The business has a 50 day simple moving average of C$44.41 and a 200 day simple moving average of C$40.77. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a 52 week low of C$31.16 and a 52 week high of C$47.90.

Keyera Announces Dividend

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

Insider Buying and Selling

In related news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction dated 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 insiders.

About Keyera

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.