Kinder Morgan Canada Ltd (KML) Receives C$21.50 Average Price Target from Brokerages
Kinder Morgan Canada Ltd (TSE:KML) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$21.50.
A number of research analysts have commented on the company. TD Securities reduced their target price on Kinder Morgan Canada from C$25.00 to C$24.00 in a report on Tuesday, December 5th. Royal Bank of Canada reduced their target price 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.
Kinder Morgan Canada (TSE:KML) traded up C$0.09 during trading hours on Monday, reaching C$16.91. The company’s stock had a trading volume of 235,523 shares, compared to its average volume of 179,487. Kinder Morgan Canada has a 52 week low of C$15.17 and a 52 week high of C$18.60. The company has a market cap of $1,750.00 and a P/E ratio of 52.84.
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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