Raymond James Financial Inc. Raises Air Canada (AC) Price Target to C$10.50

Air Canada (TSE:AC) had its price objective raised by research analysts at Raymond James Financial Inc. from C$8.25 to C$10.50 in a report released on Monday. Raymond James Financial Inc.’s price target indicates a potential downside of 19.17% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. TD Securities raised their target price 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. National Bank Financial lowered their price target on shares of Air Canada from C$13.50 to C$13.00 in a report on Tuesday, June 28th. Royal Bank Of Canada lowered 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 report on Wednesday, August 3rd. Macquarie lowered their target price on shares of Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd. Finally, CIBC lifted their price objective on shares of Air Canada from C$12.25 to C$14.00 in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. Air Canada has a consensus rating of “Buy” and a consensus price target of C$15.69.

Analyst Recommendations for Air Canada (TSE:AC)

Shares of Air Canada (TSE:AC) traded up 0.46% on Monday, hitting $13.05. The stock had a trading volume of 916,205 shares. The company has a 50 day moving average of $10.23 and a 200-day moving average of $9.42. The firm has a market capitalization of $3.60 billion and a P/E ratio of 6.27. Air Canada has a 12-month low of $6.81 and a 12-month high of $13.15.

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.

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