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

Keyera (TSE:KEY - Free Report) had its price target upped by CIBC from C$46.00 to C$48.00 in a report issued on Friday,BayStreet.CA reports.

Several other brokerages also recently weighed in on KEY. Barclays set a C$46.00 price objective on shares of Keyera and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. TD Securities set a C$45.00 price target on shares of Keyera and gave the company a "hold" rating in a research report on Wednesday, January 15th. National Bankshares raised their price objective on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Scotiabank lifted 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. Finally, BMO Capital Markets upped their target price on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Five 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$44.77.

Keyera Stock Down 0.6 %

Shares of TSE:KEY traded down C$0.27 on Friday, hitting C$41.78. 1,125,307 shares of the company's stock were exchanged, compared to its average volume of 998,509. Keyera has a 1-year low of C$32.69 and a 1-year high of C$47.90. The company has a market capitalization of C$9.62 billion, a PE ratio of 21.53, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The firm's 50-day moving average is C$42.82 and its 200 day moving average is C$42.54.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.52 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.08 annualized dividend and a yield of 4.98%. Keyera's dividend payout ratio is currently 107.20%.

Insiders Place Their Bets

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the business's stock in a transaction that occurred on 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.

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.