Canadian Pacific Railway Limited Upgraded by Desjardins to Buy (CP)
Canadian Pacific Railway Limited (TSE:CP) was upgraded by equities research analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has a C$162.00 target price on the stock, up from their previous target price of C$123.00. Desjardins’ price target suggests a potential upside of 9.07% from the stock’s previous close.
A number of other firms have also recently commented on CP. Analysts at Raymond James raised their price target on shares of Canadian Pacific Railway Limited from C$145.00 to C$160.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Salman Partners upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a C$167.00 price target on the stock, up previously from C$136.00. Finally, analysts at TD Securities raised their price target on shares of Canadian Pacific Railway Limited from C$117.00 to C$128.00 in a research note to investors on Thursday. They now have a “reduce” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Canadian Pacific Railway Limited currently has a consensus rating of “Hold” and a consensus target price of C$137.72.
Shares of Canadian Pacific Railway Limited (TSE:CP) traded down 0.47% on Thursday, hitting $147.83. 1,134,119 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 1-year low of $85.59 and a 1-year high of $144.43. The stock’s 50-day moving average is $126.6 and its 200-day moving average is $128.4. The company has a market cap of $25.888 billion and a price-to-earnings ratio of 36.49.
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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