Raymond James Financial Inc. Boosts Canadian Pacific Railway Limited (CP) Price Target to C$230.00
Canadian Pacific Railway Limited (TSE:CP) had its price target lifted by stock analysts at Raymond James Financial Inc. from C$220.00 to C$230.00 in a research report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial Inc.’s target price would indicate a potential upside of 16.25% from the company’s current price.
A number of other research analysts have also weighed in on the stock. Barclays PLC raised their price target on shares of Canadian Pacific Railway Limited from C$215.00 to C$225.00 in a research report on Monday, September 12th. Atlantic Securities reissued an “overweight” rating on shares of Canadian Pacific Railway Limited in a research report on Thursday, August 11th. Desjardins dropped their price target on shares of Canadian Pacific Railway Limited from C$204.00 to C$195.00 and set a “buy” rating on the stock in a research report on Wednesday, June 22nd. CIBC raised their price target on shares of Canadian Pacific Railway Limited from C$198.00 to C$210.00 in a research report on Thursday, July 21st. Finally, Scotiabank raised their price target on shares of Canadian Pacific Railway Limited from C$203.00 to C$210.00 and gave the company an “outperform” rating in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Canadian Pacific Railway Limited currently has a consensus rating of “Buy” and a consensus target price of C$201.91.
Canadian Pacific Railway Limited (TSE:CP) traded down 0.53% during mid-day trading on Monday, hitting $197.09. 216,275 shares of the company traded hands. The firm has a market capitalization of $29.12 billion and a P/E ratio of 20.17. Canadian Pacific Railway Limited has a one year low of $140.02 and a one year high of $204.82. The firm has a 50 day moving average of $197.96 and a 200 day moving average of $183.60.
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Canadian Pacific Railway Limited Company Profile
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.
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