Air Canada (AC) Given New C$14.00 Price Target at Canaccord Genuity
Air Canada (TSE:AC) had its price objective increased by Canaccord Genuity from C$13.00 to C$14.00 in a research report report published on Monday morning. The brokerage currently has a buy rating on the stock.
Other equities analysts have also issued reports about the stock. CIBC lifted their target price on shares of Air Canada from C$12.25 to C$14.00 in a report on Tuesday, August 2nd. Macquarie cut their price target on shares of Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd. National Bank Financial cut their price target on shares of Air Canada from C$13.50 to C$13.00 in a report on Tuesday, June 28th. TD Securities reissued an action list buy rating and issued a C$21.00 price target on shares of Air Canada in a report on Monday, June 20th. Finally, CSFB reissued an outperform rating on shares of Air Canada in a report on Thursday, September 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$14.75.
Shares of Air Canada (TSE:AC) opened at 11.28 on Monday. The stock has a market cap of $3.12 billion and a P/E ratio of 5.42. Air Canada has a 52 week low of $6.81 and a 52 week high of $12.29. The stock has a 50 day moving average of $9.31 and a 200 day moving average of $9.18.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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