Kinder Morgan Canada Ltd (KML) Given a C$24.00 Price Target by Scotiabank Analysts
Kinder Morgan Canada Ltd (TSE:KML) received a C$24.00 price objective from research analysts at Scotiabank in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 39.62% from the stock’s current price.
KML has been the subject of several other reports. TD Securities reaffirmed an “action buy list” rating and issued a C$26.00 price objective on shares of Kinder Morgan Canada in a research note on Tuesday, June 20th. BMO Capital Markets set a C$17.00 price objective on Kinder Morgan Canada and gave the company a “market perform” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada started coverage on Kinder Morgan Canada in a research note on Tuesday, June 20th. They issued an “outperform” rating and a C$25.00 price objective for the company. National Bank Financial set a C$17.00 price objective on Kinder Morgan Canada and gave the company a “sector perform” rating in a research note on Tuesday, June 20th. Finally, CIBC set a C$23.00 price objective on Kinder Morgan Canada and gave the company an “outperform” rating in a research note on Tuesday, June 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Kinder Morgan Canada has a consensus rating of “Buy” and a consensus target price of C$22.00.
Kinder Morgan Canada (TSE KML) traded down 0.52% during mid-day trading on Friday, hitting $17.19. The stock had a trading volume of 492,248 shares. Kinder Morgan Canada has a 12-month low of $15.17 and a 12-month high of $18.51. The stock’s market capitalization is $1.77 billion.
About Kinder Morgan Canada
Kinder Morgan Canada Ltd is a Canada-based energy infrastructure company. The Company operates the Business, comprised of a number of pipeline systems and terminal facilities including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Puget Sound and Trans Mountain Jet Fuel pipelines, the Westridge marine and Vancouver Wharves terminals in British Columbia as well as various crude oil loading facilities in Edmonton, Alberta.
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