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


In a latest note to investors, a research analyst has provided a rating update for the Canadian Pacific Railway (CP). Analyst Brandon Oglenski from Barclays remains bullish on the stock and has a C$325 price target.

According to TipRanks.com, Oglenski is a 5-star analyst with an average return of 8.1% and a 61.7% success rate. Oglenski covers the Services sector, focusing on stocks such as Kansas City Southern, Southwest Airlines, and Union Pacific Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Pacific Railway with a C$328.44 average price target, a 2.9% upside from current levels. In a report issued on July 8, J.P. Morgan also maintained a Buy rating on the stock with a C$345 price target.

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The company has a one-year high of C$323.71 and a one-year low of C$228.35. Currently, Canadian Pacific Railway has an average volume of 304.7K.

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 Wednesday at C$319.18, close to its 52-week high of C$323.71.

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