Canadian Pacific Railway (CP) Price Target Raised to C$250.00 at BMO Capital Markets
Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price raised by stock analysts at BMO Capital Markets from C$245.00 to C$250.00 in a research report issued to clients and investors on Friday. BMO Capital Markets’ price objective would indicate a potential upside of 10.72% from the stock’s previous close.
CP has been the topic of a number of other research reports. Scotiabank lifted their price target on Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. CIBC boosted their price target on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. National Bank Financial raised their price target on Canadian Pacific Railway from C$207.00 to C$226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 18th. J P Morgan Chase & Co boosted their target price on Canadian Pacific Railway from C$262.00 to C$265.00 in a report on Wednesday, October 18th. Finally, Raymond James Financial upped their target price on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$231.08.
Canadian Pacific Railway (CP) traded up C$3.01 during midday trading on Friday, hitting C$225.80. 518,320 shares of the stock were exchanged, compared to its average volume of 348,093. Canadian Pacific Railway has a one year low of C$188.36 and a one year high of C$226.68.
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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