Insider Selling: Air Canada (AC) Insider Sells 15,000 Shares of Stock
Air Canada (TSE:AC) insider Chris Isford sold 15,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$25.45, for a total value of C$381,750.00.
Air Canada (AC) traded down C$0.28 during mid-day trading on Monday, hitting C$25.32. The stock had a trading volume of 1,154,834 shares, compared to its average volume of 1,496,354. Air Canada has a one year low of C$12.49 and a one year high of C$28.70.
A number of equities research analysts recently commented on AC shares. TD Securities increased their price target on Air Canada from C$34.00 to C$36.00 and gave the stock an “action list buy” rating in a research report on Thursday, October 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$34.00 price objective on shares of Air Canada in a report on Wednesday, September 20th. Canaccord Genuity upped their price objective on Air Canada from C$31.00 to C$33.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Royal Bank of Canada upped their price objective on Air Canada from C$26.00 to C$31.00 and gave the stock a “top pick” rating in a report on Wednesday, September 20th. Finally, Cowen raised Air Canada from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 20th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$30.86.
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Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
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