Cargojet Inc (CJT) Price Target Raised to C$60.00

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.

WARNING: This report was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3032636/cargojet-inc-cjt-price-target-raised-to-c60-00.html.

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.

Receive News & Ratings for Cargojet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.