CIBC Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price target lifted by CIBC from C$46.00 to C$48.00 in a research note released on Friday,BayStreet.CA reports.

Several other brokerages have also recently commented on KEY. TD Securities set a C$45.00 price objective on shares of Keyera and gave the company a “hold” rating in a research note on Wednesday, January 15th. Barclays set a C$46.00 price objective on Keyera and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Scotiabank boosted their target price on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price target on Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Raymond James boosted their price objective on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$44.77.

Keyera Stock Down 0.4 %

Shares of TSE KEY opened at C$42.05 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. The company has a market cap of C$9.69 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 52 week low of C$31.57 and a 52 week high of C$47.90. The business has a 50-day simple moving average of C$42.93 and a two-hundred day simple moving average of C$42.49.

Keyera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.95%. Keyera’s dividend payout ratio (DPR) is 107.20%.

Insider Activity at Keyera

In related news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is owned by insiders.

Keyera Company Profile

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.