Chorus Aviation Given Consensus Rating of “Hold” by Brokerages (TSE:CHR.B)
Chorus Aviation (TSE:CHR.B) has received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Stock Ratings News reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$4.04.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Chorus Aviation from C$4.50 to C$5.50 in a research note on Thursday. They now have an “outperform” rating on the stock. Analysts at National Bank Financial upgraded shares of Chorus Aviation from an “underperform” rating to a “sector perform” rating in a research note on Friday, May 16th. They now have a C$3.50 price target on the stock, up previously from C$3.25.
The company also recently announced a Quarterly dividend, which is scheduled for Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $0.1036 per share. This represents a dividend yield of 10.71%. The ex-dividend date is Thursday, June 26th.
Chorus Aviation Inc (TSE:CHR), formerly Jazz Air Income Fund, is a Canada-based holding company.
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