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    CNR   CA1363751027

CANADIAN NATIONAL RAILWAY COMPANY

(CNR)
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CN aims to re-open crucial rail line in flood-hit province this weekend

12/01/2021 | 05:07pm EST
FILE PHOTO: Rainstorms lash the western Canadian province of British Columbia

(Reuters) - Canadian National Railway Co said on Wednesday that it was aiming to re-open its track in the crucial Kamloops-to-Vancouver corridor in the flood-hit province of British Columbia this weekend.

The Pacific province, trying to rebuild after devastating floods in November, received more rain over the weekend and this week.

CN operates one of the two critical rail lines in British Columbia that were forced to shut due to flooding and mudslides caused by heavy rains.

CN, which restarted limited service in the region last week, has now diverted some traffic from the corridor to the Port of Prince Rupert, while moving some of its trains on other available rail lines in the region, the company said in a statement.

Canadian Pacific Railway Ltd, the other main rail line operator, was also able to resume operations last week.

(Reporting by Ismail Shakil in Bengaluru and Rod Nickel in Winnipeg; Editing by Leslie Adler)


ę Reuters 2021
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Analyst Recommendations on CANADIAN NATIONAL RAILWAY COMPANY
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Financials
Sales 2021 14 435 M 11 525 M 11 525 M
Net income 2021 4 774 M 3 812 M 3 812 M
Net Debt 2021 11 826 M 9 442 M 9 442 M
P/E ratio 2021 23,0x
Yield 2021 1,59%
Capitalization 109 B 87 450 M 87 389 M
EV / Sales 2021 8,40x
EV / Sales 2022 8,01x
Nbr of Employees 23 765
Free-Float -
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Number of Analysts 30
Last Close Price 154,97 CAD
Average target price 163,24 CAD
Spread / Average Target 5,33%
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Managers and Directors
Jean-Jacques Ruest President, Chief Executive Officer & Director
Ghislain Houle Chief Financial Officer & Executive Vice President
Robert L. Pace Chairman
Dominique Malenfant EVP, Chief Information & Technology Officer
Nayan Bharadwa Vice President-Automated Rail & Technology
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