Canadian Pacific Railway Limited Given “Sector Perform” Rating at 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 Thursday, American Banking News reports.
A number of other firms have also recently commented on CP. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Wednesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$138.44.
Shares of Canadian Pacific Railway Limited (TSE:CP) traded up 2.19% during mid-day trading on Thursday, hitting $161.19. 229,329 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 1-year low of $107.31 and a 1-year high of $167.00. The stock has a 50-day moving average of $160.4 and a 200-day moving average of $140.0. The company has a market cap of $28.244 billion and a P/E ratio of 34.14.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of 0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Monday, December 23rd.
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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