WestJet Airlines (TSE:WJA) had its price target raised by analysts at CIBC from C$29.00 to C$30.00 in a research note issued to investors on Thursday. CIBC’s target price points to a potential upside of 14.20% from the company’s previous close.
A number of other research analysts have also recently commented on WJA. Canaccord Genuity upped their price target on shares of WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday, October 12th. TD Securities cut their price target on shares of WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Wednesday, November 1st. Royal Bank of Canada upped their price target on shares of WestJet Airlines from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Thursday, December 7th. National Bank Financial upped their price target on shares of WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, October 12th. Finally, Beacon Securities cut shares of WestJet Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$27.67.
WestJet Airlines (WJA) traded down C$0.12 during midday trading on Thursday, hitting C$26.27. 373,315 shares of the stock were exchanged, compared to its average volume of 336,443. The company has a market capitalization of $3,030.00, a PE ratio of 10.64 and a beta of 0.76. WestJet Airlines has a 12-month low of C$21.03 and a 12-month high of C$28.00.
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About WestJet Airlines
WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States.
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