National Bank Financial Raises WestJet Airlines Ltd. (WJA) Price Target to C$29.00
WestJet Airlines Ltd. (TSE:WJA) had its price target boosted by equities research analysts at National Bank Financial from C$27.00 to C$29.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 6.03% from the company’s previous close.
Other research analysts also recently issued reports about the stock. BMO Capital Markets restated a “market perform” rating and set a C$25.00 target price on shares of WestJet Airlines in a research report on Monday, June 26th. Scotiabank boosted their target price on shares of WestJet Airlines from C$26.00 to C$27.50 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Macquarie downgraded shares of WestJet Airlines from a “neutral” rating to an “underperform” rating and decreased their target price for the company from C$25.00 to C$24.00 in a research report on Monday, July 17th. AltaCorp Capital downgraded shares of WestJet Airlines from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of WestJet Airlines from C$25.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$26.04.
Shares of WestJet Airlines (TSE WJA) traded up 1.17% during midday trading on Thursday, reaching $27.67. 179,868 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $26.39 and its 200 day moving average is $24.23. WestJet Airlines has a one year low of $20.52 and a one year high of $27.77. The firm has a market cap of $3.24 billion and a PE ratio of 12.25.
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In other WestJet Airlines news, insider Marshall Wilmot sold 3,368 shares of WestJet Airlines stock in a transaction 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. Also, insider Gregg Albert Saretsky sold 14,687 shares of WestJet Airlines stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of C$25.99, for a total transaction of C$381,715.13. Insiders sold 18,355 shares of company stock valued at $474,818 in the last ninety days.
WestJet Airlines Company Profile
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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