Chorus Aviation Inc (TSE:CHR) had its price target raised by analysts at National Bank Financial from C$8.00 to C$8.50 in a research note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 6.38% from the company’s current price.
CHR has been the subject of several other reports. Canaccord Genuity reaffirmed a “buy” rating and set a C$9.00 price objective on shares of Chorus Aviation in a research report on Monday, June 5th. TD Securities upped their price objective on Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research report on Friday. Scotiabank upped their price objective on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, CIBC upped their price objective on Chorus Aviation from C$8.25 to C$8.75 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$8.86.
Chorus Aviation (CHR) traded up 0.25% during trading on Friday, hitting $8.01. The stock had a trading volume of 139,169 shares. The company has a market cap of $978.68 million and a P/E ratio of 12.14. The firm has a 50 day moving average of $8.15 and a 200-day moving average of $7.56. Chorus Aviation has a one year low of $5.75 and a one year high of $12.94.
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In other Chorus Aviation news, insider Scott Tapson sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of C$7.33, for a total transaction of C$35,184.00. Also, insider Rick Flynn sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of C$7.60, for a total value of C$608,000.00. Insiders sold a total of 683,466 shares of company stock valued at $5,018,312 over the last three months.
Chorus Aviation Company Profile
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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