Scotiabank Believes Canadian Pacific Railway (CP) Won’t Stop Here


In a new note to investors on October 5, an analyst has provided a rating update for the Services sector company, Canadian Pacific Railway (TSX: CP). The company received a Buy on October 5 from Scotiabank’s analyst Turan Quettawala, with a C$315 price target.

Quettawala has an average return of 16.6% when recommending Canadian Pacific Railway.

According to TipRanks.com, Quettawala is ranked #1452 out of 4882 analysts.

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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$304.75 average price target, implying a 6.7% upside from current levels. In a report issued on October 5, TD Securities also upgraded the stock to Buy with a C$325 price target.

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Canadian Pacific Railway’s market cap is currently C$40.69B and has a P/E ratio of 18.2. The company has a Price to Book ratio of 6.19.

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 Friday at C$285.56, close to its 52-week high of C$289.74.

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