Royal Bank Of Canada upgraded shares of Air Canada (TSE:AC) from an outperform rating to a top pick rating in a report published on Thursday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has C$18.00 price objective on the stock, up from their prior price objective of C$14.00.
Several other research firms have also recently commented on AC. Canaccord Genuity boosted their target price on Air Canada from C$13.00 to C$14.00 and gave the stock a buy rating in a research note on Monday, October 3rd. TD Securities boosted their target price on Air Canada from C$20.00 to C$22.00 and gave the stock an action list buy rating in a research note on Tuesday, August 2nd. Scotiabank lowered their target price on Air Canada from C$13.50 to C$13.00 and set a sector perform rating for the company in a research note on Tuesday, August 2nd. National Bank Financial lowered their target price on Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Finally, Macquarie lowered their price objective on Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Air Canada presently has a consensus rating of Buy and a consensus price target of C$15.06.
Air Canada (TSE:AC) opened at 12.39 on Thursday. Air Canada has a 12 month low of $6.81 and a 12 month high of $12.70. The firm’s 50-day moving average is $9.77 and its 200-day moving average is $9.30. The company has a market capitalization of $3.42 billion and a PE ratio of 5.95.
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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