Air Canada Given Consensus Recommendation of “Buy” by Analysts (TSE:AC.B)
Air Canada (TSE:AC.B) has received a consensus rating of “Buy” from the ten analysts that are covering the stock, American Banking News reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$10.72.
AC.B has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Air Canada from C$10.00 to C$12.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Air Canada from C$12.00 to C$17.00 in a research note on Friday, June 6th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial upgraded shares of Air Canada from a “sector perform” rating to an “outperform” rating in a research note on Friday, June 6th. They now have a C$12.00 price target on the stock, up previously from C$8.50.
Air Canada is a domestic, the United States trans-border and international airline and provider of scheduled passenger services in the Canadian market, the Canada-United States trans-border market and in the international market to and from Canada.
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