Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target raised by equities researchers at CIBC from C$233.00 to C$255.00 in a research note issued to investors on Thursday. CIBC’s price target would suggest a potential upside of 10.68% from the company’s current price.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets boosted their price objective on Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st. National Bank Financial boosted their price objective on Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 13th. Desjardins boosted their price objective on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. TD Securities boosted their price objective on Canadian Pacific Railway from C$220.00 to C$225.00 in a research note on Wednesday, October 18th. Finally, Raymond James Financial boosted their price objective on Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$234.42.

Shares of Canadian Pacific Railway (TSE:CP) traded up C$1.12 during trading hours on Thursday, hitting C$230.40. The stock had a trading volume of 188,677 shares, compared to its average volume of 185,740. The firm has a market capitalization of $33,390.00, a price-to-earnings ratio of 18.73 and a beta of 0.84. Canadian Pacific Railway has a 12-month low of C$188.36 and a 12-month high of C$233.88.

In other news, insider John Kenneth Brooks sold 600 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$229.35, for a total value of C$137,610.00.

COPYRIGHT VIOLATION WARNING: “Canadian Pacific Railway (CP) Price Target Increased to C$255.00 by Analysts at CIBC” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/01/04/canadian-pacific-railway-cp-price-target-increased-to-c255-00-by-analysts-at-cibc.html.

About Canadian Pacific Railway

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 (TSE:CP)

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.