Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$230.98 and last traded at C$227.24, with a volume of 425368 shares changing hands. The stock had previously closed at C$223.85.

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. CIBC boosted their price target on Canadian Pacific Railway from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. National Bank Financial boosted their price target on Canadian Pacific Railway from C$207.00 to C$226.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 18th. J P Morgan Chase & Co boosted their price target on Canadian Pacific Railway from C$262.00 to C$265.00 in a research report on Wednesday, October 18th. Finally, Raymond James Financial boosted their price target on Canadian Pacific Railway from C$230.00 to C$245.00 in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$231.08.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s payout ratio is 17.28%.

In other Canadian Pacific Railway news, insider Laird Joseph Pitz sold 609 shares of the business’s 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.

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Canadian Pacific Railway Company Profile

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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