Keyera Corp (KEY) Given Consensus Recommendation of “Buy” by Brokerages

Keyera Corp (TSE:KEY) has earned an average rating of “Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$43.29.

Several research firms have recently commented on KEY. Scotiabank lowered their price target on shares of Keyera from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Monday, December 11th. TD Securities lowered their price target on shares of Keyera from C$44.00 to C$43.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Raymond James Financial increased their price target on shares of Keyera from C$41.00 to C$44.00 and gave the company an “outperform” rating in a research report on Monday, December 11th. CIBC lowered their price target on shares of Keyera from C$46.00 to C$45.00 in a research report on Monday, December 11th. Finally, National Bank Financial lowered their price target on shares of Keyera from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th.

Shares of Keyera (TSE:KEY) opened at C$36.18 on Friday. The company has a market cap of $7,380.00, a P/E ratio of 28.49 and a beta of 0.88. Keyera has a 1 year low of C$34.07 and a 1 year high of C$42.57.

The company also recently announced a monthly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 22nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $1.68 dividend on an annualized basis and a yield of 4.64%. Keyera’s dividend payout ratio (DPR) is currently 128.15%.

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About Keyera

Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).

Analyst Recommendations for Keyera (TSE:KEY)

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