The Desjardins Boosts Canadian National Railway Company (CNR) Price Target to C$92.00

The Desjardins Boosts Canadian National Railway Company (CNR) Price Target to C$92.00

Canadian National Railway Company (TSE:CNR) had its target price increased by Desjardins from C$86.00 to C$92.00 in a research report report published on Wednesday morning. The firm currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the company. BMO Capital Markets restated an outperform rating and issued a C$90.00 price target on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. TD Securities raised their price target on Canadian National Railway Company from C$86.00 to C$87.00 and gave the company a hold rating in a research note on Tuesday, July 26th. Barclays PLC raised their price target on Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. JPMorgan Chase & Co. raised their price target on Canadian National Railway Company from C$87.00 to C$90.00 in a research note on Thursday, October 6th. Finally, Royal Bank Of Canada began coverage on Canadian National Railway Company in a research note on Wednesday, October 26th. They issued an outperform rating and a C$95.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of C$89.88.

Shares of Canadian National Railway Company (TSE:CNR) opened at 84.45 on Wednesday. The stock has a 50 day moving average price of $85.40 and a 200-day moving average price of $81.01. The stock has a market cap of $64.71 billion and a P/E ratio of 18.63. Canadian National Railway Company has a 52 week low of $66.62 and a 52 week high of $89.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.78%.

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