Keyera (KEY) Price Target Cut to C$43.00 by Analysts at Canaccord Genuity

Keyera (TSE:KEY) had its price target lowered by Canaccord Genuity from C$46.00 to C$43.00 in a research note issued to investors on Wednesday.

Several other brokerages also recently issued reports on KEY. CIBC cut their price target on Keyera from C$46.00 to C$45.00 in a report on Tuesday, October 17th. TD Securities cut their price target on Keyera from C$44.00 to C$43.00 and set a buy rating on the stock in a report on Thursday, November 9th. National Bank Financial cut their price target on Keyera from C$49.00 to C$48.00 and set an outperform rating on the stock in a report on Wednesday, November 8th. Scotiabank cut their price target on Keyera from C$41.00 to C$39.00 and set a sector perform rating on the stock in a report on Monday, December 11th. Finally, Raymond James Financial raised their price target on Keyera from C$41.00 to C$44.00 and gave the stock an outperform rating in a report on Monday, December 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$42.88.

Keyera (TSE:KEY) opened at C$32.66 on Wednesday. The company has a market capitalization of $6,680.00, a P/E ratio of 25.72 and a beta of 0.80. Keyera has a 1-year low of C$31.20 and a 1-year high of C$42.57.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 15th will be issued a $0.14 dividend. This represents a $1.68 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, February 22nd. Keyera’s dividend payout ratio (DPR) is 128.15%.

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Keyera Company Profile

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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