Kinder Morgan Canada (TSE:KML) had its target price dropped by investment analysts at Royal Bank of Canada from C$24.00 to C$18.00 in a report issued on Wednesday, May 30th. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 14.65% from the company’s current price.
Several other research firms have also weighed in on KML. National Bank Financial reiterated a “sector perform” rating and set a C$17.00 target price (down previously from C$19.00) on shares of Kinder Morgan Canada in a research note on Wednesday, May 30th. 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 for the company. in a research note on Thursday, February 22nd. CIBC lowered their target price on shares of Kinder Morgan Canada from C$22.00 to C$17.00 in a research note on Wednesday, May 30th. Finally, Scotiabank reiterated an “outperform” rating and set a C$23.00 target price on shares of Kinder Morgan Canada in a research note on Monday, April 16th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$18.50.
KML traded down C$0.05 during trading on Wednesday, hitting C$15.70. The company had a trading volume of 523,510 shares, compared to its average volume of 420,147. Kinder Morgan Canada has a 1-year low of C$14.93 and a 1-year 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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