JPMorgan Chase & Co. Raises Canadian Pacific Railway Limited (CP) Price Target to C$265.00

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from C$262.00 to C$265.00 in a research report issued to clients and investors on Wednesday, October 18th. JPMorgan Chase & Co.’s target price indicates a potential upside of 18.27% from the stock’s previous close.

A number of other research firms have also recently issued reports on CP. Scotiabank increased their target price on Canadian Pacific Railway Limited from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. CIBC increased their target price on Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research note on Thursday, July 6th. National Bank Financial raised their price objective on Canadian Pacific Railway Limited from C$207.00 to C$226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 18th. BMO Capital Markets restated an “outperform” rating and set a C$238.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Wednesday, October 18th. Finally, TD Securities raised their price objective on Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$230.08.

Canadian Pacific Railway Limited (TSE:CP) traded down 0.04% during midday trading on Wednesday, hitting $223.98. 78,746 shares of the company traded hands. Canadian Pacific Railway Limited has a 12-month low of $186.21 and a 12-month high of $225.82. The stock has a 50 day moving average of $206.91 and a 200 day moving average of $205.33. The stock has a market cap of $32.59 billion and a P/E ratio of 18.20.

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In other Canadian Pacific Railway Limited news, insider Laird Joseph Pitz sold 609 shares of Canadian Pacific Railway Limited stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59. Also, insider Steven Nettleton sold 436 shares of Canadian Pacific Railway Limited stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of C$155.68, for a total value of C$67,876.48. In the last three months, insiders have sold 1,250 shares of company stock worth $197,881.

About Canadian Pacific Railway Limited

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.

Analyst Recommendations for Canadian Pacific Railway Limited (TSE:CP)

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