CIBC analyst Kevin Chiang maintained a Hold rating on Canadian Railway (CNI – Research Report) yesterday and set a price target of C$125.00. The company’s shares closed last Monday at $94.01, close to its 52-week high of $96.53.
According to TipRanks.com, Chiang is a 5-star analyst with an average return of 11.2% and a 64.8% success rate. Chiang covers the Services sector, focusing on stocks such as TFI International, Canadian Pacific, and Air Canada.
Currently, the analyst consensus on Canadian Railway is a Moderate Buy with an average price target of $97.12, implying a 4.4% upside from current levels. In a report released today, Benchmark Co. also initiated coverage with a Hold rating on the stock.
The company has a one-year high of $96.53 and a one-year low of $80.95. Currently, Canadian Railway has an average volume of 808.6K.
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Canadian National Railway Co. is engages in rail and related transportation business. The company’s services include integrated transportation services: rail, intermodal, trucking, and supply chain services It offers movement of a diversified and balanced portfolio of goods including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive. Canadian National Railway was founded on June 6, 1919 and is headquartered in Montreal, Canada.