Analysts seem to be optimistic about Canadian Pacific Railway (TSX: CP) lately, as after BMO Capital and RBC Capital rated the stock a Buy this past month, there is another positive note, this time from Barclays. The company received a Buy yesterday from analyst Brandon Oglenski, with a C$305 price target.
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.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Canadian Pacific Railway with a C$294.14 average price target, representing a 7.9% upside. In a report issued on September 11, RBC Capital also reiterated a Buy rating on the stock with a C$320 price target.
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The company has a one-year high of C$277.25 and a one-year low of C$204.93. Currently, Canadian Pacific Railway has an average volume of 267.2K.
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.
The company’s shares closed on Tuesday at C$272.69, close to its 52-week high of C$277.25.
