Jean-Jacques Ruest Sells 14,736 Shares of Canadian National Railway (CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Jean-Jacques Ruest sold 14,736 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$103.87, for a total transaction of C$1,530,628.32.

Jean-Jacques Ruest also recently made the following trade(s):

  • On Friday, September 22nd, Jean-Jacques Ruest sold 31,464 shares of Canadian National Railway stock. The shares were sold at an average price of C$81.99, for a total transaction of C$2,579,733.36.

Canadian National Railway (TSE CNR) traded up C$0.29 during trading on Tuesday, reaching C$103.64. 1,337,682 shares of the company traded hands, compared to its average volume of 1,201,355. Canadian National Railway has a 52-week low of C$89.29 and a 52-week high of C$108.64.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, December 7th. Canadian National Railway’s payout ratio is currently 31.56%.

CNR has been the subject of a number of recent research reports. J P Morgan Chase & Co reduced their target price on shares of Canadian National Railway from C$105.00 to C$104.00 in a research report on Wednesday, October 25th. CIBC reduced their target price on shares of Canadian National Railway from C$111.00 to C$110.00 in a research report on Tuesday, September 26th. National Bank Financial cut their price objective on shares of Canadian National Railway from C$108.00 to C$105.00 in a research report on Wednesday, September 13th. Desjardins upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$110.00 to C$115.00 in a research report on Thursday, November 30th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$108.60.

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About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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