CIBC Boosts Air Canada (AC) Price Target to C$17.50
Air Canada (TSE:AC) had its price objective upped by CIBC from C$14.00 to C$17.50 in a research report issued to clients and investors on Thursday. CIBC’s price objective points to a potential upside of 39.89% from the stock’s previous close.
A number of other equities analysts also recently commented on AC. Royal Bank Of Canada reduced their price objective on shares of Air Canada from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. TD Securities increased their target price on shares of Air Canada from C$20.00 to C$22.00 and gave the stock an “action list buy” rating in a research report on Tuesday, August 2nd. Scotiabank dropped their target price on shares of Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 2nd. CSFB reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, September 29th. Finally, National Bank Financial dropped their target price on shares of Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. Air Canada has a consensus rating of “Buy” and a consensus price target of C$15.33.
Air Canada (TSE:AC) traded up 0.96% during trading on Thursday, hitting $12.63. 1,065,706 shares of the company traded hands. The firm has a 50 day moving average of $9.88 and a 200 day moving average of $9.32. The firm has a market cap of $3.49 billion and a P/E ratio of 6.07. Air Canada has a one year low of $6.81 and a one year high of $12.70.
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Air Canada Company Profile
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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