National Bank Financial Increases Air Canada (AC) Price Target to C$15.50
Air Canada (TSE:AC) had its price target raised by research analysts at National Bank Financial from C$13.00 to C$15.50 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. National Bank Financial’s price objective would suggest a potential upside of 22.92% from the stock’s previous close.
AC has been the subject of a number of other reports. CIBC increased their price target on shares of Air Canada from C$12.25 to C$14.00 in a research report on Tuesday, August 2nd. BMO Capital Markets increased their price target on shares of Air Canada from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 5th. Royal Bank Of Canada raised shares of Air Canada from an “outperform” rating to a “top pick” rating and increased their price target for the stock from C$14.00 to C$18.00 in a research report on Thursday, October 6th. CSFB reissued an “outperform” rating on shares of Air Canada in a research report on Thursday, September 29th. Finally, Macquarie cut their price objective on shares of Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$15.52.
Air Canada (TSE:AC) traded up 2.30% on Friday, reaching $12.90. 986,866 shares of the company’s stock were exchanged. Air Canada has a 12 month low of $6.81 and a 12 month high of $12.96. The stock has a market capitalization of $3.56 billion and a PE ratio of 6.20. The firm has a 50 day moving average of $9.99 and a 200 day moving average of $9.35.
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About Air Canada
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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