Keyera (TSE:KEY) Given a C$45.00 Price Target by TD Securities Analysts

TD Securities set a C$45.00 price target on Keyera (TSE:KEY) in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada lifted their price objective on Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Citigroup lifted their target price on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. ATB Capital boosted their price target on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. 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. Finally, Barclays set a C$46.00 price target on Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$44.08.

Keyera Trading Down 1.7 %

KEY opened at C$42.35 on Wednesday. The business’s 50 day moving average price is C$44.52 and its 200 day moving average price is C$41.87. 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 stock has a market capitalization of C$9.70 billion, a PE ratio of 28.42, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a one year low of C$31.16 and a one year high of C$47.90.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.91%. The ex-dividend date was Friday, December 13th. Keyera’s payout ratio is currently 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 corporate 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.