Air Canada (TSE:AC) insider Duncan Bureau sold 2,000 shares of Air Canada stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of C$27.01, for a total transaction of C$54,020.00.
Air Canada (TSE AC) traded up C$0.13 during trading on Friday, reaching C$27.16. 996,819 shares of the company’s stock traded hands, compared to its average volume of 1,380,000. The stock has a market cap of $7,420.00, a PE ratio of 3.69 and a beta of 0.74. Air Canada has a 12 month low of C$12.49 and a 12 month high of C$28.70.
AC has been the topic of several analyst reports. CIBC lifted their price target on shares of Air Canada from C$36.00 to C$38.00 in a research note on Thursday, January 4th. TD Securities lifted their target price on shares of Air Canada from C$34.00 to C$36.00 and gave the company an “action list buy” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a C$29.00 target price on shares of Air Canada in a research note on Monday, November 13th. Scotiabank upgraded shares of Air Canada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$29.25 to C$32.00 in a research note on Tuesday, February 20th. Finally, Macquarie upgraded shares of Air Canada from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$28.00 to C$35.00 in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Air Canada has an average rating of “Buy” and a consensus target price of C$32.36.
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name 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.
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