Keyera Corp. (TSE:KEY) Receives C$44.77 Consensus Target Price from Analysts

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$44.77.

Several equities analysts have issued reports on KEY shares. Royal Bank of Canada boosted their target price on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. TD Securities set a C$45.00 price target on Keyera and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Barclays set a C$46.00 target price on Keyera and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Scotiabank upped their target price on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, CIBC boosted their price target on Keyera from C$46.00 to C$48.00 in a report on Friday, February 14th.

Keyera Stock Performance

TSE KEY opened at C$44.69 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. The firm has a market cap of C$10.29 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 52-week low of C$33.68 and a 52-week high of C$47.90. The business’s 50-day moving average price is C$42.10 and its 200 day moving average price is C$42.98.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.65%. Keyera’s dividend payout ratio is currently 107.20%.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.