Air Canada (AC) Price Target Increased to C$17.50 by Analysts at CIBC
Several other research firms have also weighed in on AC. TD Securities lifted their target price on shares of Air Canada from C$20.00 to C$22.00 and gave the company an action list buy rating in a report on Tuesday, August 2nd. National Bank Financial cut their target price on shares of Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Royal Bank Of Canada cut their target price on shares of Air Canada from C$16.00 to C$14.00 and set an outperform rating for the company in a research note on Wednesday, August 3rd. Macquarie cut their target price on Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd. Finally, Scotiabank cut their target price on Air Canada from C$13.50 to C$13.00 and set a sector perform rating on the stock in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. Air Canada has an average rating of Buy and an average price target of C$15.33.
Air Canada (TSE:AC) traded up 2.30% during midday trading on Thursday, reaching $12.90. The company’s stock had a trading volume of 346,936 shares. Air Canada has a 12-month low of $6.81 and a 12-month high of $12.92. The company has a market cap of $3.56 billion and a P/E ratio of 6.20. The firm has a 50 day moving average price of $9.99 and a 200-day moving average price of $9.35.
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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