Trading Report: The Canadian Pacific Railway Limited (CP) Cut to Outperform at Raymond James Financial Inc.

The Canadian Pacific Railway Limited (CP) Cut to Outperform at Raymond James Financial Inc.

Canadian Pacific Railway Limited (TSE:CP) was downgraded by Raymond James Financial Inc. from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Monday. They presently have a C$230.00 price target on the stock, up from their prior price target of C$220.00. Raymond James Financial Inc.’s price objective would suggest a potential upside of 16.25% from the stock’s previous close.

Several other research firms have also weighed in on CP. CIBC increased their target price on shares of Canadian Pacific Railway Limited from C$198.00 to C$210.00 in a report on Thursday, July 21st. Royal Bank Of Canada increased their target price on shares of Canadian Pacific Railway Limited from C$203.00 to C$216.00 and gave the stock an “outperform” rating in a report on Thursday, July 21st. Barclays PLC increased their target price on shares of Canadian Pacific Railway Limited from C$215.00 to C$225.00 in a report on Monday, September 12th. Scotiabank increased their target price on shares of Canadian Pacific Railway Limited from C$203.00 to C$210.00 and gave the stock an “outperform” rating in a report on Thursday, July 21st. Finally, TD Securities increased their target price on shares of Canadian Pacific Railway Limited from C$185.00 to C$200.00 and gave the stock a “hold” rating in a report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Canadian Pacific Railway Limited currently has an average rating of “Buy” and a consensus price target of C$201.91.

Canadian Pacific Railway Limited (TSE:CP) traded down 0.37% during midday trading on Monday, hitting $197.42. 194,370 shares of the company traded hands. The firm has a market capitalization of $29.17 billion and a PE ratio of 20.21. Canadian Pacific Railway Limited has a 12-month low of $140.02 and a 12-month high of $204.82. The stock’s 50-day moving average is $197.96 and its 200-day moving average is $183.60.

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