WestJet Airlines Ltd. (WJA) Price Target Raised to C$29.50 at CIBC
WestJet Airlines Ltd. (TSE:WJA) had its price target raised by equities research analysts at CIBC from C$27.00 to C$29.50 in a report released on Friday. CIBC’s target price points to a potential upside of 6.73% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity raised their price objective on WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday. Beacon Securities upgraded WestJet Airlines from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$22.50 to C$28.50 in a report on Thursday, July 13th. TD Securities raised their price objective on WestJet Airlines from C$29.00 to C$31.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets restated a “market perform” rating and set a C$25.00 price objective on shares of WestJet Airlines in a report on Monday, June 26th. Finally, Scotiabank raised their price objective on WestJet Airlines from C$26.00 to C$27.50 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$26.50.
In related news, insider Gregg Albert Saretsky sold 14,687 shares of the stock in a transaction 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 stock in a transaction on Thursday, August 3rd. The stock was 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.
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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