Keyera Corp. (TSE:KEY – Get Free Report) has earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$44.77.
KEY has been the subject of several analyst reports. Citigroup lifted their price target on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Royal Bank of Canada increased their price target on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Scotiabank boosted their price objective on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. TD Securities set a C$45.00 price objective on Keyera and gave the company a “hold” rating in a research report on Wednesday, January 15th. Finally, CIBC increased their price objective on Keyera from C$46.00 to C$48.00 in a research report on Friday, February 14th.
Get Our Latest Research Report on KEY
Keyera Trading Down 0.4 %
Keyera Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.52 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.86%. Keyera’s dividend payout ratio is currently 107.20%.
About Keyera
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.
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