Canadian Pacific Railway (CP) PT Raised to C$250.00
Several other research analysts have also recently issued reports on CP. Scotiabank lowered their target price on shares of Canadian Pacific Railway from C$225.00 to C$220.00 and set an outperform rating for the company in a report on Wednesday, August 23rd. National Bank Financial cut shares of Canadian Pacific Railway from an overweight rating to a sector perform rating and lowered their target price for the company from C$219.00 to C$207.00 in a report on Wednesday, September 13th. CIBC upped their target price on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. TD Securities upped their price target on shares of Canadian Pacific Railway from C$220.00 to C$225.00 in a research report on Wednesday, October 18th. Finally, J P Morgan Chase & Co upped their price target on shares of Canadian Pacific Railway from C$262.00 to C$265.00 in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$231.08.
Canadian Pacific Railway (TSE:CP) opened at C$223.26 on Friday. Canadian Pacific Railway has a twelve month low of C$188.36 and a twelve month high of C$228.69.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.25 annualized dividend and a yield of 1.01%. Canadian Pacific Railway’s dividend payout ratio (DPR) is 17.28%.
In other Canadian Pacific Railway news, insider Laird Joseph Pitz sold 609 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59.
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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