Air Canada (AC) Given New C$14.00 Price Target at Canaccord Genuity

Air Canada (TSE:AC) had its price objective increased by equities researchers at Canaccord Genuity from C$13.00 to C$14.00 in a research report issued to clients and investors on Monday, reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 32.08% from the stock’s current price.

A number of other equities analysts also recently issued reports on AC. CSFB restated an “outperform” rating on shares of Air Canada in a research note on Thursday. Royal Bank Of Canada dropped their price target on Air Canada from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. TD Securities raised their target price on Air Canada from C$20.00 to C$22.00 and gave the stock an “action list buy” rating in a report on Tuesday, August 2nd. Scotiabank decreased their target price on Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 2nd. Finally, National Bank Financial decreased their target price on Air Canada from C$13.50 to C$13.00 in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$14.75.

Air Canada (TSE:AC) traded up 2.74% during trading on Monday, hitting $10.89. The stock had a trading volume of 1,994,854 shares. Air Canada has a 52-week low of $6.81 and a 52-week high of $12.29. The firm has a market cap of $3.01 billion and a P/E ratio of 5.23. The company has a 50-day moving average of $9.24 and a 200 day moving average of $9.16.

Air Canada Company Profile

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.

Stock Target Prices

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