Canadian Pacific Railway Limited (CP) Given New C$230.00 Price Target at Raymond James Financial Inc.
Canadian Pacific Railway Limited (TSE:CP) had its price target lifted by research analysts at Raymond James Financial Inc. from C$220.00 to C$230.00 in a report issued on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial Inc.’s target price suggests a potential upside of 16.25% from the company’s previous close.
A number of other equities research analysts have also recently commented on CP. TD Securities reduced their price target on shares of Canadian Pacific Railway Limited from C$195.00 to C$185.00 and set a “hold” rating for the company in a report on Wednesday, June 22nd. Barclays PLC reduced their price target on shares of Canadian Pacific Railway Limited from C$200.00 to C$190.00 in a report on Thursday, June 23rd. CIBC reduced their price target on shares of Canadian Pacific Railway Limited from C$205.00 to C$198.00 in a report on Thursday, June 23rd. Royal Bank Of Canada raised their price objective on shares of Canadian Pacific Railway Limited from C$203.00 to C$216.00 and gave the company an “outperform” rating in a research note on Thursday, July 21st. Finally, Scotiabank raised their price objective 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 note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$201.91.
Shares of Canadian Pacific Railway Limited (TSE:CP) traded down 0.421% on Monday, reaching $197.315. 234,427 shares of the company were exchanged. The firm has a market capitalization of $29.16 billion and a PE ratio of 20.196. The company’s 50 day moving average is $197.97 and its 200 day moving average is $183.60. Canadian Pacific Railway Limited has a 12-month low of $140.02 and a 12-month high of $204.82.
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About Canadian Pacific Railway Limited
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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