Kinder Morgan Canada (TSE:KML) had its price target hoisted by National Bank Financial from C$16.00 to C$17.00 in a research report sent to investors on Thursday. The brokerage currently has a sector perform rating on the stock.
Other equities research analysts have also issued reports about the stock. CSFB reduced their target price on shares of Kinder Morgan Canada from C$17.00 to C$16.00 in a report on Wednesday, January 16th. TD Securities dropped their price target on Kinder Morgan Canada from C$16.50 to C$15.00 and set a hold rating for the company in a research note on Wednesday, January 9th. Finally, Royal Bank of Canada dropped their price target on Kinder Morgan Canada from C$18.00 to C$17.00 and set an outperform rating for the company in a research note on Thursday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of C$17.33.
Kinder Morgan Canada stock opened at C$15.90 on Thursday. The company has a market capitalization of $1.85 billion and a P/E ratio of 1.33. Kinder Morgan Canada has a 12-month low of C$14.04 and a 12-month high of C$57.27.
In other Kinder Morgan Canada news, major shareholder Holdings L.L.C. Grosvenor sold 253,900 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of C$14.96, for a total value of C$3,798,344.00.
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 Canadian portion of the Cochin pipeline system, a 12-inch diameter multi-product pipeline that comprises of 1000-kilometers of pipeline, and 38 block valves and 10 pump stations for transporting light hydrocarbon liquids between Kankakee, Illinois and Fort Saskatchewan, Alberta; and Jet Fuel pipeline serving Vancouver International Airport.
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