Air Canada (TSE:AC) Given New C$23.00 Price Target at Jefferies Financial Group

Air Canada (TSE:AC) had its price target boosted by Jefferies Financial Group from C$22.00 to C$23.00 in a report issued on Monday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. BMO Capital Markets increased their price objective on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Raymond James raised Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Canaccord Genuity Group raised their price objective on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. ATB Capital increased their target price on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Citigroup reduced their price target on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research report on Monday, December 30th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$26.60.

Air Canada Trading Down 0.1 %

TSE:AC opened at C$22.30 on Monday. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The stock has a fifty day simple moving average of C$23.22 and a 200-day simple moving average of C$18.87. The company has a market capitalization of C$7.99 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Insider Transactions at Air Canada

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is owned by company insiders.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.