Royal Bank Of Canada Raises Cargojet Inc (CJT) Price Target to C$54.00
Cargojet Inc (TSE:CJT) had its target price upped by Royal Bank Of Canada from C$52.00 to C$54.00 in a research note released on Tuesday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other analysts also recently commented on the stock. RBC Capital Markets upped their price target on shares of Cargojet from C$38.00 to C$41.00 and gave the company an outperform rating in a research report on Tuesday, August 16th. Acumen Capital reissued a buy rating and issued a C$38.50 price objective on shares of Cargojet in a research note on Thursday, August 11th. National Bank Financial reissued an outperform rating on shares of Cargojet in a research note on Thursday, September 15th. Finally, CIBC reissued an outperform rating and issued a C$48.00 price objective on shares of Cargojet in a research note on Monday, September 19th. Six analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average target price of C$49.30.
Cargojet (TSE:CJT) opened at 47.14 on Tuesday. The stock has a market capitalization of $496.62 million and a P/E ratio of 106.65. Cargojet has a 1-year low of $22.11 and a 1-year high of $48.22. The stock has a 50 day moving average of $44.04 and a 200 day moving average of $36.61.
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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