Keyera (TSE:KEY) Stock Price Expected to Rise, Scotiabank Analyst Says

Keyera (TSE:KEY - Free Report) had its target price upped by Scotiabank from C$50.00 to C$51.00 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Cibc World Mkts raised Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. CIBC dropped their price target on 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. TD Securities increased their price target on Keyera from C$45.00 to C$47.00 and gave the company a "hold" rating in a research note on Thursday, May 22nd. Raymond James increased their price target on Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, National Bankshares increased their price target on Keyera from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$45.92.

Keyera Price Performance

Keyera stock traded up C$0.07 during midday trading on Thursday, reaching C$42.55. 116,562 shares of the stock traded hands, compared to its average volume of 1,136,424. The stock's fifty day moving average is C$42.75 and its 200-day moving average is C$43.10. Keyera has a 12 month low of C$35.33 and a 12 month high of C$47.90. The stock has a market cap of C$9.80 billion, a P/E ratio of 21.93, a PEG ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.52 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.89%. 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.