TD Securities, Scotiabank Restate Positive Ratings for Killam Properties

Pictured: Philip Fraser. Credits: Globe and Mail, TD Securities, Scotiabank, Killam.

TD Securities and Scotiabank have both reiterated their positive ratings for Killam Properties Inc. (KMP.UN).

TD Securities issued a note to investors on November 3rd, restating its “buy” rating for the company’s stock, with a price target of C$15.00.

Scotiabank also restated their “perform” rating on Killam in a report released on November 2nd. Scotiabank has a C$13.75 price target on the stock.

According to The Cerbat Gem, a number of other banks have also released reports on Killam recently:

  • RBC Capital Markets raised their price target on shares from C$13.00 to C$14.00 in a report on August 5th.
  • CIBC raised their price target on shares from C$13.25 to C$13.75 in a report on August 5th.
  • Royal Bank Of Canada raised their price target on shares of Killam Properties from C$13.00 to C$14.00 in a report on August 8th.
  • Canaccord Genuity downgraded shares of Killam from a “buy” rating to a “hold” rating and raised their price target for the company from C$13.50 to C$14.00 in a report on July 27th.


Credit: The Cerbat Gem.

Overall, two investment analysts have rated the stock with a “hold” and five have issued a “buy” rating. The company presently has an average rating of “buy” and an average target price of C$13.97.

As regular Daily Business News readers are already aware, in addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.


Credit: Bloomberg.

Killam is also one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews. For the recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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