Canadian Pacific Railway (CP) Price Target Raised to C$276.00 at JPMorgan Chase & Co.
A number of other brokerages have also weighed in on CP. National Bank Financial lowered shares of Canadian Pacific Railway from an overweight rating to a sector perform rating and cut their target price for the company from C$219.00 to C$207.00 in a research note on Wednesday, September 13th. BMO Capital Markets reaffirmed an outperform rating and set a C$245.00 target price on shares of Canadian Pacific Railway in a research note on Thursday, November 9th. Raymond James Financial lifted their target price on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. CIBC lifted their target price on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday, January 4th. Finally, Scotiabank lifted their target price on shares of Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an outperform rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of C$236.46.
Shares of Canadian Pacific Railway (TSE CP) opened at C$228.23 on Thursday. The stock has a market cap of $33,080.00, a price-to-earnings ratio of 18.56 and a beta of 0.84. Canadian Pacific Railway has a twelve month low of C$188.36 and a twelve month high of C$234.97.
In related news, insider John Kenneth Brooks sold 600 shares of the business’s 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.
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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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