Canadian Pacific Railway Limited Stock Rating Reaffirmed by CIBC (CP)
Canadian Pacific Railway Limited (TSE:CP)‘s stock had its “sector perform” rating reiterated by equities research analysts at CIBC in a research note issued to investors on Monday, StockRatingsNetwork reports. They currently have a C$126.00 price objective on the stock. CIBC’s price objective indicates a potential downside of 4.43% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Canadian Pacific Railway Limited from C$135.00 to C$140.00 in a research note to investors on Thursday, September 19th. They now have a “market perform” rating on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Wednesday, September 18th. They now have a C$105.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Canadian Pacific Railway Limited to an “outperform” rating in a research note to investors on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Hold” and a consensus price target of C$127.06.
Shares of Canadian Pacific Railway Limited (TSE:CP) traded up 2.21% during mid-day trading on Monday, hitting $131.84. 388,472 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 52 week low of $85.51 and a 52 week high of $144.43. The stock has a 50-day moving average of $126.6 and a 200-day moving average of $128.4. The company has a market cap of $23.088 billion and a P/E ratio of 31.69.
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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