Royal Bank of Canada Boosts Canadian Pacific Railway (CP) Price Target to C$331.00
Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target increased by Royal Bank of Canada from C$329.00 to C$331.00 in a research note issued to investors on Friday. They currently have an outperform rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity boosted their target price on shares of Canadian Pacific Railway from C$225.00 to C$230.00 in a research note on Tuesday, July 10th. BMO Capital Markets boosted their target price on shares of Canadian Pacific Railway from C$254.00 to C$265.00 in a research note on Thursday, June 28th. Cormark upped their price target on shares of Canadian Pacific Railway from C$275.00 to C$300.00 in a research report on Thursday, September 27th. CIBC upped their price target on shares of Canadian Pacific Railway from C$280.00 to C$300.00 in a research report on Friday, September 28th. Finally, Desjardins upped their price target on shares of Canadian Pacific Railway from C$274.00 to C$311.00 in a research report on Tuesday, October 9th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of C$288.50.
Shares of TSE:CP opened at C$261.11 on Friday. Canadian Pacific Railway has a 52 week low of C$212.50 and a 52 week high of C$291.56.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be given a dividend of $0.65 per share. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.60 annualized dividend and a yield of 1.00%.
In other Canadian Pacific Railway news, insider Laird Joseph Pitz sold 700 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of C$269.66, for a total transaction of C$188,762.00. Also, insider Jeffrey Ellis sold 100 shares of the business’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of C$252.74, for a total value of C$25,274.00. In the last quarter, insiders have sold 2,264 shares of company stock worth $605,070.
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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
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