A number of other analysts have also issued reports on AC. CIBC raised their price target on Air Canada from C$12.25 to C$14.00 in a research note on Tuesday, August 2nd. Macquarie reduced their price objective on Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. National Bank Financial reduced their price objective on Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. TD Securities reaffirmed an action list buy rating and issued a C$21.00 price objective on shares of Air Canada in a research note on Monday, June 20th. Finally, CSFB reaffirmed an outperform rating on shares of Air Canada in a research note on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$14.75.
Shares of Air Canada (TSE:AC) opened at 11.28 on Monday. The firm’s 50-day moving average is $9.31 and its 200-day moving average is $9.18. 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 $3.12 billion and a price-to-earnings ratio of 5.42.
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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