Air Canada (TSE:AC) had its target price raised by TD Securities from C$22.00 to C$23.00 in a research report issued on Tuesday. The firm currently has an “action list buy” rating on the stock. TD Securities’ price target points to a potential upside of 129.54% from the company’s previous close.
AC has been the topic of a number of other reports. CIBC increased their price target on shares of Air Canada from C$12.25 to C$14.00 in a research report on Tuesday, August 2nd. Royal Bank Of Canada cut their price target on shares of Air Canada from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Macquarie cut their price target on shares of Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. Canaccord Genuity assumed coverage on shares of Air Canada in a research report on Tuesday, June 28th. They issued a “buy” rating and a C$13.00 price target on the stock. Finally, National Bank Financial cut their price target on shares of Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$14.67.
Air Canada (TSE:AC) opened at 10.02 on Tuesday. Air Canada has a 52-week low of $6.81 and a 52-week high of $12.29. The stock has a market capitalization of $2.77 billion and a P/E ratio of 4.81. The stock has a 50 day moving average of $9.17 and a 200 day moving average of $9.14.
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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