CIBC Increases WestJet Airlines (WJA) Price Target to C$30.00

WestJet Airlines (TSE:WJA) had its price objective lifted by equities research analysts at CIBC from C$29.00 to C$30.00 in a note issued to investors on Thursday. CIBC’s price objective would indicate a potential upside of 14.20% from the stock’s current price.

Several other equities research analysts have also weighed in on WJA. National Bank Financial raised 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 raised their price objective on shares of WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday, October 12th. 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. Scotiabank raised 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, Beacon Securities lowered shares of WestJet Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$27.67.

Shares of WestJet Airlines (TSE:WJA) traded down C$0.12 during mid-day trading on Thursday, reaching C$26.27. 373,315 shares of the company’s stock were exchanged, compared to its average volume of 336,443. WestJet Airlines has a 1 year low of C$21.03 and a 1 year high of C$28.00. The company has a market capitalization of $3,030.00, a PE ratio of 10.64 and a beta of 0.76.

In other WestJet Airlines news, Director Karen Sheriff acquired 4,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was purchased at an average price of C$25.55 per share, with a total value of C$102,200.00.

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About WestJet Airlines

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.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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