BMO Capital Markets reissued their outperform rating on shares of Air Canada (TSE:AC) in a research report sent to investors on Wednesday, September 20th, StockTargetPrices.com reports. The firm currently has a C$34.00 price target on the stock.
Other equities analysts have also issued research reports about the stock. CIBC boosted their price target on shares of Air Canada from C$20.50 to C$23.00 in a report on Friday, July 7th. National Bank Financial boosted their price target on shares of Air Canada from C$18.50 to C$20.00 in a report on Thursday, June 29th. TD Securities boosted their price target on shares of Air Canada from C$25.00 to C$34.00 and gave the company an action list buy rating in a report on Wednesday, August 2nd. Canaccord Genuity boosted their price target on shares of Air Canada from C$23.00 to C$27.00 and gave the company a buy rating in a report on Wednesday, August 2nd. Finally, Macquarie boosted their price target on shares of Air Canada from C$18.00 to C$22.50 and gave the company a neutral rating in a report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$28.30.
Shares of Air Canada (AC) opened at 26.24 on Wednesday. The stock has a market cap of $7.13 billion and a price-to-earnings ratio of 8.60. Air Canada has a 12-month low of $9.34 and a 12-month high of $27.68. The stock has a 50 day moving average price of $21.96 and a 200-day moving average price of $17.12.
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In other Air Canada news, insider Michael Stewart Rousseau sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of C$21.20, for a total transaction of C$848,000.00. Also, Director Calin Rovinescu sold 925,481 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of C$20.72, for a total transaction of C$19,175,966.32. Insiders sold a total of 1,001,939 shares of company stock worth $20,827,620 over the last ninety days.
Air Canada Company Profile
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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