Scotiabank Raises Air Canada (AC) Price Target to C$16.00
Several other equities research analysts also recently weighed in on AC. CIBC increased their target price on shares of Air Canada from C$14.00 to C$17.50 in a research note on Thursday, October 13th. Raymond James Financial Inc. increased their target price on shares of Air Canada from C$8.25 to C$10.50 in a research note on Monday, October 17th. Macquarie reduced their target price on shares of Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. TD Securities increased their target price on shares of Air Canada from C$22.00 to C$23.00 and gave the company an action list buy rating in a research note on Tuesday, September 27th. Finally, Canaccord Genuity increased their target price on shares of Air Canada from C$13.00 to C$14.00 and gave the company a buy rating in a research note on Monday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. Air Canada currently has a consensus rating of Buy and a consensus price target of C$16.15.
Shares of Air Canada (TSE:AC) opened at 13.00 on Tuesday. Air Canada has a 1-year low of $6.81 and a 1-year high of $13.15. The company’s 50-day moving average is $12.01 and its 200 day moving average is $9.95. The company has a market cap of $3.59 billion and a price-to-earnings ratio of 6.24.
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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