Canadian Pacific Railway (CP) PT Set at C$250.00 by Macquarie

Canadian Pacific Railway (TSE:CP) (NYSE:CP) has been assigned a C$250.00 price objective by stock analysts at Macquarie in a report released on Friday. The brokerage presently has an “outperform” rating on the stock. Macquarie’s price target points to a potential upside of 9.54% from the company’s current price.

A number of other research analysts have also issued reports on CP. CIBC raised their target price on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a research note on Tuesday, September 26th. Scotiabank raised 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. National Bank Financial raised their target price on shares of Canadian Pacific Railway from C$207.00 to C$226.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a C$238.00 target price on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. Finally, TD Securities raised their target price on shares of Canadian Pacific Railway from C$220.00 to C$225.00 in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$236.46.

Canadian Pacific Railway (TSE CP) opened at C$228.23 on Friday. The firm 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 firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total value 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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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