Air Canada (TSE:AC) was upgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “top pick” rating in a research note issued to investors on Thursday, StockTargetPrices.com reports. The firm presently has a C$18.00 target price on the stock, up from their previous target price of C$14.00. Royal Bank Of Canada’s target price suggests a potential upside of 51.52% from the stock’s previous close.
A number of other research firms have also weighed in on AC. Canaccord Genuity upped their target price on shares of Air Canada from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Monday. TD Securities increased their price target on shares of Air Canada from C$20.00 to C$22.00 and gave the company an “action list buy” rating in a research note on Tuesday, August 2nd. Scotiabank dropped their price target 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. National Bank Financial dropped their price target on shares of Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Finally, Macquarie dropped their price target on shares of Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Air Canada currently has an average rating of “Buy” and an average price target of C$14.83.
Air Canada (TSE:AC) traded up 3.11% during trading on Thursday, hitting $12.25. 1,704,345 shares of the company traded hands. The firm has a market cap of $3.38 billion and a price-to-earnings ratio of 5.88. Air Canada has a 52-week low of $6.81 and a 52-week high of $12.38. The company’s 50-day moving average is $9.46 and its 200 day moving average is $9.22.
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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