Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) has been assigned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$230.67.

A number of research analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and set a C$245.00 price target on shares of Canadian Pacific Railway Limited in a research report on Thursday. Raymond James Financial, Inc. lifted their target price on shares of Canadian Pacific Railway Limited from C$230.00 to C$245.00 in a report on Thursday, October 19th. Desjardins lifted their target price on shares of Canadian Pacific Railway Limited from C$230.00 to C$254.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. J P Morgan Chase & Co lifted their target price on shares of Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a report on Wednesday, October 18th. Finally, TD Securities lifted their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a report on Wednesday, October 18th.

In other news, insider Steven Nettleton sold 436 shares of Canadian Pacific Railway Limited stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total value of C$67,876.48. Also, insider Laird Joseph Pitz sold 609 shares of Canadian Pacific Railway Limited stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59. Insiders sold 1,195 shares of company stock valued at $187,005 over the last quarter.

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Canadian Pacific Railway Limited (CP) opened at C$222.23 on Monday. Canadian Pacific Railway Limited has a 12-month low of C$188.36 and a 12-month high of C$225.84.

About Canadian Pacific Railway Limited

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Analyst Recommendations for Canadian Pacific Railway Limited (TSE:CP)

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