Scotiabank Lowers Kinder Morgan Canada (TSE:KML) Price Target to C$23.00

Kinder Morgan Canada (TSE:KML) had its target price lowered by analysts at Scotiabank from C$24.00 to C$23.00 in a report issued on Thursday, January 18th. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 28.49% from the stock’s current price.

Several other analysts have also recently issued reports on the company. TD Securities decreased their price objective on Kinder Morgan Canada from C$26.00 to C$25.00 in a report on Thursday, October 19th. Royal Bank of Canada decreased their price objective on Kinder Morgan Canada from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Kinder Morgan Canada currently has an average rating of “Buy” and an average price target of C$21.67.

Shares of Kinder Morgan Canada (KML) traded up C$0.24 on Thursday, hitting C$17.90. The stock had a trading volume of 186,638 shares, compared to its average volume of 290,567. The stock has a market cap of $1,830.00 and a PE ratio of 56.09. Kinder Morgan Canada has a twelve month low of C$15.17 and a twelve month high of C$18.60.

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Kinder Morgan Canada Company Profile

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.

Analyst Recommendations for Kinder Morgan Canada (TSE:KML)

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