Canadian National Railway Hits a Milestone
In a significant development, Canadian National Railway’s stock has finally broken through its 200-day moving average, a crucial technical indicator that signals a potential shift in market sentiment. As of the latest available data, the company’s shares closed at 143.93 CAD, marking a notable milestone for investors.
The stock’s performance is also reflected in its key ratios. With a price-to-earnings ratio of 20.3, Canadian National Railway’s shares are trading at a premium to its earnings. Meanwhile, the price-to-book ratio of 4.21 suggests that the company’s stock is valued at a relatively modest multiple of its book value.
Historically, Canadian National Railway’s stock has traded in a narrow range, with prices fluctuating between 130.02 CAD and 169.49 CAD over the past 52 weeks. The latter represents the stock’s 52-week high, a testament to the company’s strong performance during this period.
Key Statistics:
- Current stock price: 143.93 CAD
- Price-to-earnings ratio: 20.3
- Price-to-book ratio: 4.21
- 52-week trading range: 130.02 CAD - 169.49 CAD