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Air Canada (TSE:AC) Given New C$20.00 Price Target at Citigroup


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Air Canada (TSE:ACGet Rating) had its price target upped by Citigroup from C$19.00 to C$20.00 in a research note released on Monday, Marketbeat Ratings reports.

Several other equities research analysts also recently issued reports on the stock. BMO Capital Markets reaffirmed a buy rating and set a C$35.00 price target on shares of Air Canada in a research note on Wednesday, April 27th. Canaccord Genuity Group raised shares of Air Canada to a buy rating and set a C$23.00 price target on the stock in a research note on Tuesday, July 12th. TD Securities raised their price objective on shares of Air Canada from C$25.00 to C$26.00 and gave the stock a buy rating in a report on Wednesday, August 3rd. ATB Capital raised their price objective on shares of Air Canada from C$30.00 to C$32.00 and gave the stock a buy rating in a report on Wednesday, August 3rd. Finally, Scotiabank decreased their price objective on shares of Air Canada from C$31.00 to C$26.00 in a report on Tuesday, June 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$27.50.

Air Canada Stock Performance

Air Canada stock opened at C$18.42 on Monday. Air Canada has a 12-month low of C$15.57 and a 12-month high of C$26.80. The company has a market capitalization of C$6.59 billion and a price-to-earnings ratio of -2.01. The company has a debt-to-equity ratio of 183,588.89, a current ratio of 1.26 and a quick ratio of 1.17. The firm’s fifty day moving average price is C$17.91 and its 200 day moving average price is C$21.13.

Insider Transactions at Air Canada

In related news, Senior Officer Murray Douglas Strom sold 3,755 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of C$21.33, for a total transaction of C$80,094.15. Following the completion of the transaction, the insider now directly owns 2,740 shares in the company, valued at approximately C$58,444.20. In related news, Senior Officer Amos Kazzaz acquired 4,126 shares of the firm’s stock in a transaction on Friday, June 3rd. The shares were purchased at an average price of C$21.36 per share, with a total value of C$88,115.68. Following the acquisition, the insider now directly owns 17,043 shares in the company, valued at C$363,973.72. Also, Senior Officer Murray Douglas Strom sold 3,755 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of C$21.33, for a total transaction of C$80,094.15. Following the transaction, the insider now owns 2,740 shares in the company, valued at C$58,444.20.

Air Canada Company Profile

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Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

Analyst Recommendations for Air Canada (TSE:AC)



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