WestJet Airlines’ (WJA) Neutral Rating Reaffirmed at J P Morgan Chase & Co
WestJet Airlines Ltd. (TSE:WJA)‘s stock had its “neutral” rating reiterated by analysts at J P Morgan Chase & Co in a report issued on Monday. They presently have a C$27.00 price target on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 7.19% from the stock’s current price.
Several other research firms also recently issued reports on WJA. CIBC boosted their price objective on shares of WestJet Airlines from C$27.00 to C$29.50 in a report on Friday, October 13th. National Bank Financial boosted their price objective on shares of WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, October 12th. Canaccord Genuity boosted their price objective on shares of WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday, October 12th. Scotiabank boosted their price objective on shares of WestJet Airlines from C$28.25 to C$29.50 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Finally, TD Securities dropped their price objective on shares of WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$27.08.
WestJet Airlines (WJA) traded up C$0.03 during trading hours on Monday, hitting C$25.19. 428,489 shares of the stock traded hands, compared to its average volume of 343,662. WestJet Airlines has a one year low of C$20.52 and a one year high of C$28.00.
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In other news, insider Gregg Albert Saretsky sold 14,687 shares of the company’s stock in a transaction that occurred 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. Also, Director Karen Sheriff bought 4,000 shares of WestJet Airlines stock in a transaction dated Thursday, November 2nd. The shares were bought at an average price of C$25.55 per share, for a total transaction of C$102,200.00.
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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