Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$108.18 and last traded at C$108.15, with a volume of 128200 shares changing hands. The stock had previously closed at C$106.46.
Analysts Set New Price Targets
Several research firms have weighed in on CP. Scotiabank lifted their price objective on Canadian Pacific Railway from C$100.00 to C$102.00 in a research report on Thursday, October 27th. Barclays boosted their price target on Canadian Pacific Railway from C$105.00 to C$110.00 in a research report on Thursday, October 27th. Raymond James boosted their price target on Canadian Pacific Railway from C$100.00 to C$105.00 and gave the stock a “market perform” rating in a research report on Thursday, October 27th. UBS Group boosted their price target on Canadian Pacific Railway from C$111.00 to C$117.00 in a research report on Thursday, October 27th. Finally, CIBC boosted their price target on Canadian Pacific Railway from C$106.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.06.
Canadian Pacific Railway Price Performance
The firm has a market capitalization of C$100.17 billion and a P/E ratio of 34.41. The company has a debt-to-equity ratio of 55.15, a quick ratio of 0.42 and a current ratio of 0.59. The firm has a 50-day moving average of C$98.54 and a 200-day moving average of C$96.43.
Canadian Pacific Railway Increases Dividend
Insider Buying and Selling at Canadian Pacific Railway
In other Canadian Pacific Railway news, Senior Officer Keith E. Creel sold 1,630 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of C$103.75, for a total transaction of C$169,118.10. Following the completion of the sale, the insider now directly owns 72,960 shares in the company, valued at approximately C$7,569,850.47.
Canadian Pacific Railway Company Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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