Kinder Morgan Canada (TSE:KML) had its price target dropped by investment analysts at Royal Bank of Canada from C$24.00 to C$18.00 in a research report issued to clients and investors on Wednesday, May 30th. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 14.87% from the stock’s current price.
KML has been the subject of a number of other reports. National Bank Financial restated 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 report 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 price objective for the company. in a report on Thursday, February 22nd. CIBC lowered shares of Kinder Morgan Canada from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$23.00 to C$22.00 in a report on Tuesday, April 10th. Finally, Scotiabank reiterated an “outperform” rating and set a C$23.00 price target on shares of Kinder Morgan Canada in a report on Monday, April 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$18.25.
Kinder Morgan Canada opened at C$15.67 on Wednesday, according to MarketBeat Ratings. Kinder Morgan Canada has a 12-month low of C$14.93 and a 12-month 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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