BMO Capital Markets Reiterates Outperform Rating for Canadian Pacific Railway (CP)

Canadian Pacific Railway (TSE:CP) (NYSE:CP)‘s stock had its “outperform” rating reiterated by stock analysts at BMO Capital Markets in a research note issued to investors on Thursday, November 9th. They currently have a C$245.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 10.15% from the company’s current price.

Several other analysts have also issued reports on the company. Raymond James Financial upped their target price on Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. Desjardins upped their target price on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. J P Morgan Chase & Co upped their target price on Canadian Pacific Railway from C$262.00 to C$265.00 in a report on Wednesday, October 18th. TD Securities upped their price objective on Canadian Pacific Railway from C$220.00 to C$225.00 in a research note on Wednesday, October 18th. Finally, National Bank Financial upped their price objective on 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$230.67.

Canadian Pacific Railway (TSE CP) traded down C$0.37 during mid-day trading on Thursday, hitting C$222.42. The stock had a trading volume of 463,053 shares, compared to its average volume of 346,408. Canadian Pacific Railway has a 52 week low of C$188.36 and a 52 week high of C$225.84.

In related news, insider Laird Joseph Pitz sold 609 shares of the 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.

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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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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