Kinder Morgan Canada (KML) Price Target Cut to C$16.00
Kinder Morgan Canada (TSE:KML) had its target price lowered by analysts at CIBC from C$17.00 to C$16.00 in a note issued to investors on Thursday. CIBC’s price objective suggests a potential downside of 2.14% from the company’s previous close.
Separately, TD Securities cut their price target on shares of Kinder Morgan Canada from C$17.50 to C$16.50 and set a “hold” rating on the stock in a research report on Thursday, September 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Kinder Morgan Canada currently has an average rating of “Hold” and a consensus price target of C$18.10.
Shares of TSE:KML opened at C$16.35 on Thursday. Kinder Morgan Canada has a one year low of C$14.93 and a one year high of C$20.00.
About Kinder Morgan Canada
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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