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

Keyera (TSE:KEY) had its price objective lifted by TD Securities from C$47.00 to C$51.00 in a research note released on Friday morning,BayStreet.CA reports.

Other equities analysts also recently issued reports about the company. CIBC reduced their price target on Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Scotiabank upped their price target on Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. BMO Capital Markets raised Keyera from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from C$45.50 to C$54.00 in a research report on Wednesday. Raymond James Financial boosted their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, National Bankshares boosted their price objective on shares of Keyera from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Keyera has an average rating of “Moderate Buy” and an average target price of C$49.00.

Keyera Stock Performance

Shares of KEY stock opened at C$44.27 on Friday. The business’s fifty day simple moving average is C$42.56 and its 200-day simple moving average is C$42.72. The company has a market cap of C$10.20 billion, a PE ratio of 22.82, a PEG ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. Keyera has a 12-month low of C$35.35 and a 12-month high of C$47.90.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, June 16th. Keyera’s payout ratio is 107.20%.

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.