Canadian Pacific Railway Limited’s “Underperform” Rating Reaffirmed at RBC Capital (CP)
Canadian Pacific Railway Limited (TSE:CP)‘s stock had its “underperform” rating restated by equities researchers at RBC Capital in a research report issued on Wednesday, AR Network reports. They currently have a C$105.00 target price on the stock. RBC Capital’s price objective indicates a potential downside of 19.74% from the company’s current price.
A number of other analysts have also recently weighed in on CP. Analysts at Credit Suisse upgraded shares of Canadian Pacific Railway Limited (TSE:CP) to an “outperform” rating in a research note to investors on Friday, August 23rd. Separately, analysts at CSFB reiterated an “outperform” rating on shares of Canadian Pacific Railway Limited (TSE:CP) in a research note to investors on Thursday, August 22nd. Finally, analysts at Salman Partners cut their price target on shares of Canadian Pacific Railway Limited (TSE:CP) from C$135.00 to C$133.00 in a research note to investors on Friday, July 26th.
Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Canadian Pacific Railway Limited presently has a consensus rating of “Hold” and a consensus price target of C$126.76.
Canadian Pacific Railway Limited (TSE:CP) traded up 0.65% during mid-day trading on Wednesday, hitting $130.83. The stock had a trading volume of 645,937 shares. Canadian Pacific Railway Limited has a 1-year low of $80.03 and a 1-year high of $144.43. The stock has a 50-day moving average of $126.6 and a 200-day moving average of $128.5. The company has a market cap of $22.911 billion and a P/E ratio of 31.94.
Canadian Pacific Railway Limited (TSE:CP) has 14,700-mile network serving the principal business centres of Canada, from Montreal to Vancouver, British Columbia and the United States Midwest and Northeast regions.
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