National Bank Financial Raises Canadian Pacific Railway (CP) Price Target to C$248.00
Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective upped by analysts at National Bank Financial from C$244.00 to C$248.00 in a research report issued on Friday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 9.18% from the stock’s previous close.
Several other brokerages also recently commented on CP. Scotiabank boosted their target price on 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. CIBC upped their price objective on Canadian Pacific Railway from C$233.00 to C$255.00 in a report on Thursday, January 4th. BMO Capital Markets upped their price objective on Canadian Pacific Railway from C$245.00 to C$250.00 in a report on Friday, December 1st. Raymond James Financial upped their price objective on Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. Finally, Macquarie set a C$250.00 price objective on Canadian Pacific Railway and gave the stock an “outperform” rating in a report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Canadian Pacific Railway presently has an average rating of “Buy” and a consensus target price of C$249.67.
Canadian Pacific Railway (CP) traded up C$1.85 during midday trading on Friday, reaching C$227.15. The company’s stock had a trading volume of 360,383 shares, compared to its average volume of 312,179. The firm has a market capitalization of $33,700.00, a P/E ratio of 18.47 and a beta of 0.84. Canadian Pacific Railway has a 12 month low of C$189.57 and a 12 month high of C$234.97.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the company’s stock in a transaction on 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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