Canadian Pacific Railway (CP) Price Target Increased to C$255.00 by Analysts at Raymond James Financial
Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price hoisted by research analysts at Raymond James Financial from C$245.00 to C$255.00 in a research note issued on Tuesday. Raymond James Financial’s price objective suggests a potential upside of 12.97% from the stock’s previous close.
A number of other research analysts have also recently commented on CP. CIBC upped their price target on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Scotiabank upped their price target on shares of Canadian Pacific Railway from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. National Bank Financial upped their price target on shares of Canadian Pacific Railway from C$207.00 to C$226.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a C$238.00 target price on shares of Canadian Pacific Railway in a report on Wednesday, October 18th. Finally, TD Securities increased their target price on shares of Canadian Pacific Railway from C$220.00 to C$225.00 in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and an average target price of C$237.23.
Canadian Pacific Railway (TSE CP) traded down C$2.04 during midday trading on Tuesday, hitting C$225.73. 361,677 shares of the stock were exchanged, compared to its average volume of 298,704. The company has a market capitalization of $33,010.00, a PE ratio of 18.35 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$234.97.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00.
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.
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