Cargojet Inc (TSE:CJT) had its price target raised by research analysts at Royal Bank Of Canada from C$52.00 to C$54.00 in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 4.75% from the company’s previous close.
Several other research analysts have also recently weighed in on CJT. National Bank Financial upgraded shares of Cargojet from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, August 15th. CIBC restated an “outperform” rating and set a C$48.00 target price on shares of Cargojet in a report on Monday, September 19th. RBC Capital Markets increased their target price on shares of Cargojet from C$41.00 to C$52.00 and gave the stock an “outperform” rating in a report on Friday, September 16th. Finally, Acumen Capital restated a “buy” rating and set a C$38.50 target price on shares of Cargojet in a report on Thursday, August 11th. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$49.30.
Shares of Cargojet (TSE:CJT) traded up 0.74% on Tuesday, reaching $51.55. 21,149 shares of the company traded hands. The stock has a market cap of $548.65 million and a price-to-earnings ratio of 289.61. The stock has a 50 day moving average of $46.05 and a 200 day moving average of $38.27. Cargojet has a 52-week low of $22.11 and a 52-week high of $52.56.
Cargojet Company Profile