Other analysts have also recently issued reports about the stock. TD Securities increased their target price on shares of Air Canada from C$20.00 to C$22.00 and gave the stock an action list buy rating in a research note on Tuesday, August 2nd. National Bank Financial lowered their target price on shares of Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Royal Bank Of Canada lowered their target price on shares of 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. Macquarie lowered their target price on shares of Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. Finally, Scotiabank lowered their target price on shares of Air Canada from C$13.50 to C$13.00 and set a sector perform rating on the stock in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of C$15.69.
Shares of Air Canada (TSE:AC) opened at 13.05 on Thursday. The company has a 50 day moving average of $10.35 and a 200 day moving average of $9.45. The company has a market cap of $3.60 billion and a PE ratio of 6.27. Air Canada has a 52 week low of $6.81 and a 52 week high of $13.15.
About Air Canada
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.
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