Trading Report: The Canadian National Railway Company (CNR) Receives C$87.50 Average Target Price from Brokerages

The Canadian National Railway Company (CNR) Receives C$87.50 Average Target Price from Brokerages

Shares of Canadian National Railway Company (TSE:CNR) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$87.50.

Several research firms have weighed in on CNR. CIBC increased their price target on shares of Canadian National Railway Company from C$84.00 to C$86.00 in a research report on Tuesday, July 26th. Barclays PLC increased their price objective on shares of Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. Raymond James Financial Inc. raised shares of Canadian National Railway Company from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$82.00 to C$92.00 in a research note on Tuesday, July 26th. BMO Capital Markets reissued an “outperform” rating and issued a C$90.00 price objective on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. Finally, Desjardins reissued a “hold” rating and issued a C$86.00 price objective on shares of Canadian National Railway Company in a research note on Tuesday, July 26th.

Shares of Canadian National Railway Company (TSE:CNR) opened at 87.84 on Monday. The firm has a 50-day moving average of $84.61 and a 200 day moving average of $80.48. The company has a market capitalization of $67.78 billion and a P/E ratio of 19.37. Canadian National Railway Company has a 1-year low of $66.62 and a 1-year high of $89.40.

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