Barclays Believes Canadian Pacific (CP) Still Has Room to Grow


Barclays analyst Brandon Oglenski maintained a Buy rating on Canadian Pacific (NYSE: CP) yesterday and set a price target of $235. The company’s shares closed yesterday at $210.72, close to its 52-week high of $211.86.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 9.1% and a 62.1% success rate. Oglenski covers the Services sector, focusing on stocks such as Knight Transportation, Kansas City Southern, and Union Pacific Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Pacific with a $211.83 average price target.

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The company has a one-year high of $211.86 and a one-year low of $164.01. Currently, Canadian Pacific has an average volume of 491.7K.

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Canadian Pacific Railway Ltd. engages in the provision of rail service. It offers rail and intermodal transportation services. It also transports bulk commodities, merchandise freight, and intermodal traffic. The company was founded in 1881 and is headquartered in Calgary, Canada.

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