Trade Report: The Air Canada (AC) Price Target Increased to C$17.50 by Analysts at CIBC

The Air Canada (AC) Price Target Increased to C$17.50 by Analysts at CIBC

Air Canada (TSE:AC) had its price objective upped by CIBC from C$14.00 to C$17.50 in a research report released on Thursday.

A number of other research analysts have also recently commented on AC. TD Securities upped their price target on Air Canada from C$22.00 to C$23.00 and gave the stock an action list buy rating in a research note on Tuesday, September 27th. BMO Capital Markets upped their price target on Air Canada from C$13.00 to C$15.00 and gave the stock an outperform rating in a research note on Wednesday, October 5th. Canaccord Genuity upped their price target on Air Canada from C$13.00 to C$14.00 and gave the stock a buy rating in a research note on Monday, October 3rd. RBC Capital Markets upgraded Air Canada from an outperform rating to a top pick rating and upped their price target for the stock from C$14.00 to C$18.00 in a research note on Thursday, October 6th. Finally, Royal Bank Of Canada upgraded Air Canada from an outperform rating to a top pick rating and upped their price target for the stock from C$14.00 to C$18.00 in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$15.33.

Air Canada (TSE:AC) traded up 2.30% on Thursday, reaching $12.90. 346,936 shares of the company traded hands. The firm has a 50 day moving average of $9.99 and a 200-day moving average of $9.35. The stock has a market capitalization of $3.56 billion and a PE ratio of 6.20. Air Canada has a one year low of $6.81 and a one year high of $12.92.

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