Chorus Aviation Inc (TSE:CHR) had its target price reduced by analysts at Scotiabank from C$10.00 to C$8.50 in a research report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 3.16% from the company’s previous close.

Other analysts have also issued research reports about the stock. Canaccord Genuity upped their target price on shares of Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday, August 11th. TD Securities upped their target price on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research note on Friday, August 11th. CIBC upped their target price on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the stock an “outperform” rating in a research note on Friday, August 11th. National Bank Financial upgraded shares of Chorus Aviation from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$8.50 to C$10.00 in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada upped their target price on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$9.08.

Chorus Aviation (TSE CHR) remained flat at $8.24 during trading on Tuesday. The company had a trading volume of 55,860 shares. The stock has a market cap of $1.02 billion and a P/E ratio of 10.30. Chorus Aviation has a 12 month low of $5.92 and a 12 month high of $8.26. The stock’s 50 day moving average price is $8.00 and its 200 day moving average price is $7.63.

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In related news, Director Franco Giampa sold 36,800 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of C$8.20, for a total transaction of C$301,760.00. Also, Director Nowlan Kal Dayne Rebin sold 90,405 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of C$7.30, for a total transaction of C$659,956.50. In the last 90 days, insiders have sold 1,223,169 shares of company stock valued at $9,661,446.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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