Macquarie Analysts Give Canadian Pacific Railway (CP) a C$250.00 Price Target

Canadian Pacific Railway (TSE:CP) (NYSE:CP) has been assigned a C$250.00 price target by equities researchers at Macquarie in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective would suggest a potential upside of 9.54% from the company’s previous close.

Several other research firms have also issued reports on CP. CIBC raised their price target on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research report on Thursday, January 4th. National Bank Financial raised their price target on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. raised their price target on shares of Canadian Pacific Railway from C$272.00 to C$276.00 in a research report on Thursday. BMO Capital Markets raised their price target on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a research report on Friday, December 1st. Finally, Raymond James Financial raised their price target on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and a consensus price target of C$236.46.

Shares of Canadian Pacific Railway (TSE:CP) opened at C$228.23 on Friday. 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 12-month low of C$188.36 and a 12-month high of C$234.97.

In other news, insider John Kenneth Brooks sold 600 shares of Canadian Pacific Railway 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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About Canadian Pacific Railway

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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