Canadian Pacific Railway Limited Given “Hold” Rating at Canaccord Genuity (CP)
Canadian Pacific Railway Limited (TSE:CP)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Monday, Analyst Ratings News reports. They currently have a C$165.00 price objective on the stock, up from their previous price objective of C$146.00. Canaccord Genuity’s target price would suggest a potential upside of 4.64% from the stock’s previous close.
CP has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Canadian Pacific Railway Limited from C$180.00 to C$184.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Thursday, January 9th. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$141.13.
Shares of Canadian Pacific Railway Limited (TSE:CP) traded up 0.40% on Monday, hitting $157.50. 299,452 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 1-year low of $111.65 and a 1-year high of $167.35. The stock’s 50-day moving average is $161.4 and its 200-day moving average is $142.9. The company has a market cap of $27.598 billion and a price-to-earnings ratio of 33.96.
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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