Royal Bank of Canada Boosts Cargojet Inc (CJT) Price Target to C$58.00

Cargojet Inc (TSE:CJT) had its price target lifted by Royal Bank of Canada from C$56.00 to C$58.00 in a research report released on Thursday, StockTargetPrices.com reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also weighed in on CJT. Acumen Capital boosted their target price on shares of Cargojet from C$53.00 to C$55.00 and gave the stock a buy rating in a report on Thursday, December 8th. CIBC boosted their target price on shares of Cargojet from C$51.00 to C$59.00 in a report on Thursday, January 5th. Six research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of C$55.75.

Analyst Recommendations for Cargojet (TSE:CJT)

Shares of Cargojet (TSE:CJT) opened at 46.11 on Thursday. The stock’s 50 day moving average is $47.00 and its 200 day moving average is $46.15. Cargojet has a 12 month low of $25.17 and a 12 month high of $52.56. The company has a market cap of $490.75 million and a P/E ratio of 209.59.

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About Cargojet

Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

Stock Target Prices

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