Keyera (TSE:KEY) Given New C$39.00 Price Target at National Bankshares

Keyera (TSE:KEY - Free Report) had its price target lifted by National Bankshares from C$38.00 to C$39.00 in a research note issued to investors on Friday,BayStreet.CA reports.

A number of other research analysts have also weighed in on KEY. Raymond James set a C$47.00 target price on Keyera and gave the company an "outperform" rating in a report on Friday, October 11th. Jefferies Financial Group raised their price objective on Keyera from C$43.00 to C$47.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Royal Bank of Canada upped 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. ATB Capital raised their price target on shares of Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Finally, BMO Capital Markets upped their price objective on shares of Keyera from C$40.00 to C$41.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Keyera currently has a consensus rating of "Moderate Buy" and a consensus price target of C$42.25.

Keyera Stock Up 1.4 %

Shares of TSE KEY traded up C$0.64 during mid-day trading on Friday, reaching C$45.11. 925,900 shares of the company's stock traded hands, compared to its average volume of 992,260. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The business has a 50-day simple moving average of C$42.78 and a 200 day simple moving average of C$39.39. The stock has a market cap of C$10.34 billion, a P/E ratio of 30.28, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 1-year low of C$31.16 and a 1-year high of C$45.51.

Keyera Increases Dividend

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