A statement released earlier today by Scotia Capital about Canadian National Railway (TSE:CNR) ups the target price to $87.00
- Updated: September 30, 2016
Reporting a possible upside of 0.01%, Scotia Capital raised the target price of Canadian National Railway (TSE:CNR) to $87.00
Boasting a price of $85.95, Canadian National Railway (TSE:CNR) traded 1.38% higher on the day. With the last stock price close up 7.42% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CNR has recorded a 50-day average of $83.45 and a two hundred day average of $80.08. Volume of trade was up over the average, with 1,470,773 shares of CNR changing hands over the typical 1,173,410
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Canadian National Railway has a 52 week low of $66.62 and a 52 week high of $86.15 with a P/E ratio of 18.96 CNR’s total market value is presently $0.
A total of 17 brokers have issued a research note on the company. 0 firms rating the company a strong buy, three equity analysts rating the company a buy, 15 brokerages rating the stock a hold, zero analysts rating the company a underperform, and finally 1 broker rating the company a sell with a one year target of $61.78.
Brief Synopsis About Canadian National Railway (TSE:CNR)
Canadian National Railway Co is engaged in the rail and related transportation business. The Company's network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company's freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive. The petroleum and chemicals commodity group comprises various commodities, including chemicals and plastics, refined petroleum products, natural gas liquids, crude oil and sulfur. The metals and minerals commodity group consists primarily of materials related to oil and gas development, steel, iron ore, non-ferrous base metals and ores, construction materials and machinery, and dimensional loads. The forest products commodity group includes various types of lumber, panels, paper, wood pulp and other fibers.
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