Air Canada (TSE:AC)‘s stock had its “outperform” rating reaffirmed by stock analysts at BMO Capital Markets in a report released on Wednesday, StockTargetPrices.com reports. They presently have a C$34.00 price objective on the stock. BMO Capital Markets’ target price would suggest a potential upside of 45.74% from the stock’s previous close.

A number of other analysts have also commented on the company. Canaccord Genuity raised their price target on Air Canada from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. CIBC raised their price target on Air Canada from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Tuesday, June 20th. National Bank Financial raised their price target on Air Canada from C$18.50 to C$20.00 in a research note on Thursday, June 29th. Royal Bank Of Canada raised their price target on Air Canada from C$21.00 to C$25.00 and gave the stock a “top pick” rating in a research note on Friday, July 7th. Finally, Scotiabank raised their price target on Air Canada from C$16.25 to C$20.50 and gave the stock a “sector perform” rating in a research note on Monday, July 10th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$28.30.

Air Canada (TSE AC) traded up 9.47% on Wednesday, hitting $25.54. 3,637,040 shares of the company were exchanged. The company has a market capitalization of $6.94 billion and a price-to-earnings ratio of 8.37. Air Canada has a 52 week low of $9.13 and a 52 week high of $25.79. The stock has a 50 day moving average of $21.96 and a 200 day moving average of $17.12.

ILLEGAL ACTIVITY NOTICE: This story was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/09/20/air-canadas-ac-outperform-rating-reaffirmed-at-bmo-capital-markets.html.

In other Air Canada news, insider Michael Stewart Rousseau sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of C$21.20, for a total transaction of C$848,000.00. Also, Director Calin Rovinescu sold 925,481 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of C$20.72, for a total value of C$19,175,966.32. Insiders have sold 1,001,939 shares of company stock valued at $20,827,620 in the last three months.

Air Canada Company Profile

Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

Stock Target Prices

Analyst Recommendations for Air Canada (TSE:AC)

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.