Canadian Pacific Railway (TSE:CP) (NYSE:CP) received a C$340.00 target price from analysts at Raymond James in a report released on Friday. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price objective would suggest a potential upside of 29.57% from the company’s previous close.
A number of other research analysts also recently commented on the stock. National Bank Financial raised shares of Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating and set a C$303.00 target price on the stock in a research report on Friday. Royal Bank of Canada raised their target price on shares of Canadian Pacific Railway from C$329.00 to C$331.00 and gave the company an “outperform” rating in a research report on Friday. CIBC lifted their price objective on shares of Canadian Pacific Railway from C$300.00 to C$310.00 in a research report on Tuesday, October 9th. Desjardins lifted their price objective on shares of Canadian Pacific Railway from C$274.00 to C$311.00 in a research report on Tuesday, October 9th. Finally, TD Securities raised shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$290.00 to C$325.00 in a research report on Friday, October 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Canadian Pacific Railway has a consensus rating of “Buy” and a consensus price target of C$288.50.
TSE CP traded up C$1.81 during trading on Friday, reaching C$262.40. 239,230 shares of the company’s stock traded hands, compared to its average volume of 335,073. Canadian Pacific Railway has a 12-month low of C$212.50 and a 12-month high of C$291.56.
In related news, insider Justin Dale Meyer sold 1,464 shares of Canadian Pacific Railway stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of C$267.10, for a total value of C$391,034.40. Also, insider Laird Joseph Pitz sold 700 shares of Canadian Pacific Railway stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of C$269.66, for a total transaction of C$188,762.00. In the last ninety days, insiders sold 2,264 shares of company stock worth $605,070.
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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
See Also: What factors cause inflation to rise?
Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.