Citigroup Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

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

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

Keyera Trading Down 0.0 %

KEY opened at C$45.09 on Monday. The company has a market cap of C$10.33 billion, a P/E ratio of 30.26, a PEG ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The company’s 50 day moving average is C$42.89 and its 200-day moving average is C$39.45. Keyera has a 1-year low of C$31.16 and a 1-year high of C$45.67.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.61%. Keyera’s dividend payout ratio is 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.