Cargojet Inc (TSE:CJT) had its target price upped by equities researchers at Royal Bank Of Canada from C$57.00 to C$60.00 in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 10.50% from the company’s previous close.
A number of other research analysts also recently commented on the company. National Bank Financial downgraded Cargojet from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$51.00 to C$53.00 in a research note on Thursday, August 17th. CIBC boosted their price target on Cargojet from C$55.00 to C$56.00 in a research note on Wednesday, August 9th.
Cargojet (TSE:CJT) traded up C$0.71 during mid-day trading on Tuesday, reaching C$54.30. The company had a trading volume of 16,634 shares, compared to its average volume of 25,833. Cargojet has a fifty-two week low of C$42.72 and a fifty-two week high of C$54.50.
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In related news, insider George Stephen Sugar sold 6,296 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$51.00, for a total value of C$321,096.00. Also, insider Ajay Kumar Virmani sold 7,366 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$50.31, for a total value of C$370,583.46. In the last ninety days, insiders sold 33,827 shares of company stock valued at $1,700,055.
Cargojet Company Profile
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.
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