Royal Bank Of Canada Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price objective upped by Royal Bank Of Canada from C$46.00 to C$53.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on KEY. Raymond James Financial lifted their price target on shares of Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. BMO Capital Markets upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating and lifted their price target for the stock from C$45.50 to C$54.00 in a research note on Wednesday. TD Securities lifted their price target on shares of Keyera from C$47.00 to C$51.00 in a research note on Friday. Scotiabank lifted their price target on shares of Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, CIBC decreased their price target on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$49.00.

Keyera Stock Up 1.1%

Shares of Keyera stock opened at C$44.27 on Friday. Keyera has a 52-week low of C$35.35 and a 52-week high of C$47.90. The company has a 50 day moving average of C$42.56 and a 200 day moving average of C$42.72. 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 capitalization of C$10.20 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.70%. Keyera’s dividend payout ratio is presently 107.20%.

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.