Canadian Pacific Railway Limited’s (CP) “Outperform” Rating Reaffirmed at BMO Capital Markets

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP)‘s stock had its “outperform” rating reissued by equities researchers at BMO Capital Markets in a report issued on Thursday, November 9th. They currently have a C$245.00 target price on the stock. BMO Capital Markets’ target price would indicate a potential upside of 12.39% from the company’s previous close.

Several other equities research analysts have also recently commented on CP. CIBC increased their price objective on Canadian Pacific Railway Limited from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. J P Morgan Chase & Co increased their target price on Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a report on Wednesday, October 18th. TD Securities increased their target price on Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a report on Wednesday, October 18th. Raymond James Financial, Inc. increased their target price on Canadian Pacific Railway Limited from C$230.00 to C$245.00 in a report on Thursday, October 19th. Finally, Desjardins increased their target price on Canadian Pacific Railway Limited from C$230.00 to C$254.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$230.67.

Shares of Canadian Pacific Railway Limited (TSE CP) opened at C$217.99 on Thursday. Canadian Pacific Railway Limited has a 12 month low of C$188.36 and a 12 month high of C$225.84.

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In related news, insider Laird Joseph Pitz sold 609 shares of Canadian Pacific Railway Limited stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59.

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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