Keyera (TSE:KEY) had its price objective trimmed by TD Securities from C$42.00 to C$39.00 in a research report report published on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
KEY has been the subject of several other research reports. Raymond James restated an outperform rating and issued a C$42.00 target price on shares of Keyera in a report on Wednesday. BMO Capital Markets lowered their target price on shares of Keyera from C$36.00 to C$34.00 in a report on Wednesday. Finally, CSFB upgraded shares of Keyera from a neutral rating to an outperform rating and upped their target price for the company from C$32.00 to C$40.00 in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a buy rating, Keyera has an average rating of Buy and a consensus price target of C$39.72.
Shares of Keyera stock opened at C$32.33 on Thursday. The company has a fifty day simple moving average of C$31.18 and a 200-day simple moving average of C$32.55. Keyera has a 12-month low of C$24.05 and a 12-month high of C$35.84. The company has a current ratio of 1.13, a quick ratio of 0.82 and a debt-to-equity ratio of 102.52. The stock has a market cap of $6.85 billion and a price-to-earnings ratio of 15.03.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.16 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Thursday, November 21st. Keyera’s dividend payout ratio is currently 84.61%.
In related news, Director James Vance Bertram sold 31,400 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$33.06, for a total transaction of C$1,038,084.00. Following the completion of the sale, the director now owns 838,000 shares in the company, valued at approximately C$27,704,280.
Keyera Company Profile
Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.
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