Canaccord Genuity Raises WestJet Airlines Ltd. (WJA) Price Target to C$28.00
WestJet Airlines Ltd. (TSE:WJA) had its target price boosted by equities research analysts at Canaccord Genuity from C$27.50 to C$28.00 in a research report issued on Thursday. Canaccord Genuity’s target price would suggest a potential upside of 2.38% from the stock’s current price.
A number of other brokerages have also recently commented on WJA. National Bank Financial boosted their price target on WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday. BMO Capital Markets reissued a “market perform” rating and issued a C$25.00 price target on shares of WestJet Airlines in a research report on Monday, June 26th. Scotiabank boosted their price target on WestJet Airlines from C$26.00 to C$27.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Macquarie cut WestJet Airlines from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from C$25.00 to C$24.00 in a research report on Monday, July 17th. Finally, AltaCorp Capital cut WestJet Airlines from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$26.04.
WestJet Airlines (TSE:WJA) traded up 1.17% on Thursday, hitting $27.67. The stock had a trading volume of 179,868 shares. WestJet Airlines has a 1-year low of $20.52 and a 1-year high of $27.77. The stock has a 50 day moving average price of $26.39 and a 200 day moving average price of $24.23. The company has a market cap of $3.24 billion and a P/E ratio of 12.25.
In related news, insider Gregg Albert Saretsky sold 14,687 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total value of C$381,715.13. Also, insider Marshall Wilmot sold 3,368 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of C$25.33, for a total value of C$85,311.44. Insiders sold a total of 18,355 shares of company stock worth $474,818 over the last ninety days.
About WestJet Airlines
WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States.
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