Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) had its target price raised by equities research analysts at J P Morgan Chase & Co from C$262.00 to C$265.00 in a note issued to investors on Wednesday, October 18th. J P Morgan Chase & Co’s price target indicates a potential upside of 20.45% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. National Bank Financial lowered Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and cut their target price for the stock from C$219.00 to C$207.00 in a research report on Wednesday, September 13th. CIBC upped their price target on Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research report on Thursday, July 6th. Royal Bank Of Canada upped their price target on Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. Scotiabank dropped their price target on Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$238.00 price target on shares of Canadian Pacific Railway Limited in a research report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$230.08.
Shares of Canadian Pacific Railway Limited (CP) traded down C$0.66 during trading on Wednesday, hitting C$220.00. The stock had a trading volume of 240,954 shares, compared to its average volume of 297,869. Canadian Pacific Railway Limited has a 12 month low of C$186.21 and a 12 month high of C$225.84.
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In other Canadian Pacific Railway Limited news, insider Steven Nettleton sold 436 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$155.68, for a total value of C$67,876.48. Also, insider Laird Joseph Pitz sold 609 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total value of C$95,923.59. In the last 90 days, insiders have sold 1,195 shares of company stock valued at $187,005.
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.
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