Keyera Corp Stock Rating Reaffirmed by CIBC (KEY)
Keyera Corp (TSE:KEY)‘s stock had its “sector outperform” rating reiterated by research analysts at CIBC in a report released on Wednesday, Stock Ratings News reports.
Keyera Corp (TSE:KEY) traded down 2.72% on Wednesday, hitting $64.01. 211,639 shares of the company’s stock traded hands. Keyera Corp has a 52 week low of $49.00 and a 52 week high of $64.53. The stock’s 50-day moving average is $57.09 and its 200-day moving average is $58.06. The company has a P/E ratio of 30.32.
The company also recently announced a dividend, which is scheduled for Wednesday, January 15th. Investors of record on Monday, December 23rd will be paid a dividend of 0.188 per share. The ex-dividend date is Thursday, December 19th.
KEY has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Keyera Corp from C$63.00 to C$65.00 in a research note to investors on Friday, November 8th. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Keyera Corp from C$59.00 to C$63.00 in a research note to investors on Wednesday, November 6th. They now have a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$62.00.
Keyera Corp. operates natural gas midstream businesses in Canada. The Company operates in the oil and gas sector between the upstream sector, which includes oil and gas exploration and production businesses, and the downstream sector, which includes the refining, distribution and retail marketing of finished products.
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