Shares of Chorus Aviation Inc (TSE:CHR) have earned an average rating of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$9.71.

CHR has been the subject of a number of recent analyst reports. CIBC lifted their price objective on shares of Chorus Aviation from C$8.75 to C$9.50 in a report on Friday, October 13th. Scotiabank lifted their price objective on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the company an “outperform” rating in a report on Thursday, November 9th. Royal Bank of Canada cut their price objective on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating for the company in a report on Thursday, November 9th. Finally, National Bank Financial cut their price objective on shares of Chorus Aviation from C$10.00 to C$8.50 and set an “outperform” rating for the company in a report on Thursday, August 24th.

Chorus Aviation (TSE:CHR) traded up C$0.07 on Thursday, reaching C$9.65. 287,304 shares of the company’s stock were exchanged, compared to its average volume of 310,139. Chorus Aviation has a one year low of C$6.47 and a one year high of C$9.80.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Investors of record on Thursday, November 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.48 annualized dividend and a yield of 4.97%. Chorus Aviation’s dividend payout ratio is presently 38.10%.

In other Chorus Aviation news, Director Gary James Osborne sold 50,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$8.50, for a total value of C$425,000.00. Also, insider Jolene Mahody sold 6,100 shares of the business’s stock in a transaction dated Thursday, November 23rd. The shares were sold at an average price of C$9.78, for a total transaction of C$59,658.00. In the last ninety days, insiders have sold 210,846 shares of company stock valued at $1,998,711.

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Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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