Kinder Morgan Canada Ltd (TSE:KML) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$21.67.
Several research analysts have recently issued reports on KML shares. Scotiabank reduced their target price on shares of Kinder Morgan Canada from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Royal Bank of Canada reduced their target price on shares of Kinder Morgan Canada from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 5th. 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 note on Thursday, February 22nd. Finally, National Bank Financial raised their target price on shares of Kinder Morgan Canada from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th.
TSE:KML traded down C$0.02 during midday trading on Friday, hitting C$18.53. The company had a trading volume of 313,100 shares, compared to its average volume of 250,888. Kinder Morgan Canada has a twelve month low of C$15.17 and a twelve month high of C$20.00.
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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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