Cargojet Inc (TSE:CJT) had its target price boosted by stock analysts at Acumen Capital from C$56.00 to C$60.00 in a report issued on Tuesday. Acumen Capital’s price target suggests a potential upside of 10.50% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. National Bank Financial downgraded shares of Cargojet from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$51.00 to C$53.00 in a research note on Wednesday, August 9th. Royal Bank Of Canada raised their target price on shares of Cargojet from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, CIBC raised their target price on shares of Cargojet from C$55.00 to C$56.00 in a research note on Wednesday, August 9th.

Cargojet (TSE CJT) traded up C$0.71 during mid-day trading on Tuesday, reaching C$54.30. 16,634 shares of the company were exchanged, compared to its average volume of 25,833. Cargojet has a 12 month low of C$42.72 and a 12 month high of C$54.50.

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In other news, insider Ajay Kumar Virmani sold 4,992 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of C$48.44, for a total transaction of C$241,812.48. Also, insider George Stephen Sugar sold 6,296 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$51.00, for a total transaction of C$321,096.00. Insiders have sold 33,827 shares of company stock valued at $1,700,055 in the last ninety days.

Cargojet Company Profile

Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

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