Insider Selling: Air Canada (AC) Insider Sells 978 Shares of Stock
Air Canada (TSE:AC) insider Pierre Houle sold 978 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of C$17.28, for a total value of C$16,899.84.
Pierre Houle also recently made the following trade(s):
- On Tuesday, March 14th, Pierre Houle sold 560 shares of Air Canada stock. The stock was sold at an average price of C$13.30, for a total value of C$7,448.00.
Air Canada (TSE:AC) traded up 1.61% during trading on Friday, hitting $17.64. 725,336 shares of the stock were exchanged. The stock has a 50 day moving average of $14.31 and a 200-day moving average of $13.84. The stock has a market cap of $4.78 billion and a P/E ratio of 6.68. Air Canada has a 52 week low of $8.17 and a 52 week high of $17.70.
A number of analysts have weighed in on AC shares. TD Securities reiterated an “action list buy” rating and set a C$21.00 price target on shares of Air Canada in a report on Friday, March 10th. Macquarie increased their price target on Air Canada from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Royal Bank of Canada increased their price target on Air Canada from C$18.00 to C$21.00 and gave the stock a “top pick” rating in a report on Monday, May 8th. Scotiabank decreased their price target on Air Canada from C$16.00 to C$15.50 and set a “sector perform” rating for the company in a report on Tuesday, February 21st. Finally, Raymond James Financial, Inc. increased their price target on Air Canada from C$12.50 to C$15.00 and gave the stock a “market perform” rating in a report on Monday, May 8th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Air Canada has a consensus rating of “Buy” and an average price target of C$18.03.
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. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.
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