Air Canada (AC) Price Target Increased to C$15.50 by Analysts at National Bank Financial
Air Canada (TSE:AC) had its price target increased by analysts at National Bank Financial from C$13.00 to C$15.50 in a research note issued to investors on Friday, StockTargetPrices.com reports. National Bank Financial’s price target would suggest a potential upside of 22.92% from the company’s current price.
A number of other brokerages have also recently issued reports on AC. CIBC boosted their price target on Air Canada from C$12.25 to C$14.00 in a research note on Tuesday, August 2nd. Macquarie decreased their price target on Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. TD Securities restated an “action list buy” rating and issued a C$21.00 price target on shares of Air Canada in a research note on Monday, June 20th. Canaccord Genuity initiated coverage on Air Canada in a research note on Tuesday, June 28th. They issued a “buy” rating and a C$13.00 price target for the company. Finally, BMO Capital Markets boosted their price target on Air Canada from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 5th. 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 given a strong buy rating to the company. Air Canada currently has a consensus rating of “Buy” and a consensus price target of C$15.52.
Shares of Air Canada (TSE:AC) traded up 1.98% during mid-day trading on Friday, reaching $12.86. The company had a trading volume of 628,262 shares. Air Canada has a one year low of $6.81 and a one year high of $12.96. The firm has a 50 day moving average of $9.99 and a 200-day moving average of $9.35. The stock has a market capitalization of $3.55 billion and a P/E ratio of 6.18.
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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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