Kinder Morgan Canada (TSE:KML) had its target price lowered by stock analysts at Royal Bank of Canada from C$24.00 to C$18.00 in a note issued to investors on Wednesday, May 30th. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 14.87% from the company’s current price.
A number of other equities analysts have also issued reports on KML. TD Securities lowered shares of Kinder Morgan Canada from an “action list buy” rating to a “buy” rating and set a C$24.00 target price on the stock. in a research report on Thursday, February 22nd. CIBC lowered shares of Kinder Morgan Canada from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$23.00 to C$22.00 in a research report on Tuesday, April 10th. Scotiabank reiterated an “outperform” rating and issued a C$23.00 price objective on shares of Kinder Morgan Canada in a research report on Monday, April 16th. Finally, National Bank Financial reiterated a “sector perform” rating and issued a C$17.00 price objective (down from C$19.00) on shares of Kinder Morgan Canada in a research report on Wednesday, May 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$18.25.
Shares of Kinder Morgan Canada traded up C$0.13, reaching C$15.67, during mid-day trading on Wednesday, according to MarketBeat.com. 616,522 shares of the company’s stock were exchanged, compared to its average volume of 411,933. Kinder Morgan Canada has a 52-week low of C$14.93 and a 52-week high of C$20.00.
Kinder Morgan Canada Company Profile
Kinder Morgan Canada Limited owns and operates pipeline systems and terminal facilities in Canada. It operates through two segments, Pipelines and Terminals. The Pipelines segment operates Trans Mountain pipeline that transports approximately 300,000 barrels per day of crude oil and refined petroleum from Edmonton, Alberta to Burnaby, British Columbia; Puget Sound pipeline serving Washington State; and Jet Fuel pipeline serving Vancouver International Airport.
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