Westjet Airlines Rating Lowered to Sector Perform at National Bank Financial (WJA)
Westjet Airlines (TSE:WJA) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Thursday, ARN reports. They currently have a C$27.00 price objective on the stock, up from their previous price objective of C$25.00. National Bank Financial’s price target suggests a potential upside of 3.65% from the stock’s previous close.
WJA has been the subject of a number of other recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Westjet Airlines (TSE:WJA) in a research note to investors on Wednesday. They now have a C$29.00 price target on the stock, up previously from C$27.00. Separately, analysts at BMO Capital Markets cut their price target on shares of Westjet Airlines (TSE:WJA) from C$24.00 to C$23.00 in a research note to investors on Wednesday, July 31st. They now have a “market perform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Westjet Airlines (TSE:WJA) from C$26.50 to C$25.50 in a research note to investors on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$25.88.
Westjet Airlines (TSE:WJA) traded down 2.69% during mid-day trading on Thursday, hitting $25.35. The stock had a trading volume of 570,794 shares. Westjet Airlines has a 52 week low of $17.09 and a 52 week high of $25.47. The stock’s 50-day moving average is $23.00 and its 200-day moving average is $22.97. The company has a market cap of $3.329 billion and a price-to-earnings ratio of 12.96.
WestJet Airlines Ltd. (TSE:WJA) provides airline service and travel packages.
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