Air Canada Receives Average Recommendation of “Buy” from Analysts (TSE:AC.B)
Air Canada (TSE:AC.B) has received a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, AnalystRatingsNetwork reports. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$12.03.
A number of analysts have recently weighed in on AC.B shares. Analysts at Raymond James raised their price target on shares of Air Canada from C$6.50 to C$7.50 in a research note on Friday, July 25th. They now have an “underperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Air Canada from C$11.50 to C$12.00 in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Air Canada from C$11.00 to C$14.25 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock.
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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