Insider Buying: Air Canada (TSE:AC) Senior Officer Acquires C$29,830.00 in Stock

Air Canada (TSE:AC) Senior Officer Christophe Hennebelle bought 1,900 shares of the stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of C$15.70 per share, for a total transaction of C$29,830.00.

Air Canada Trading Up 0.1 %

TSE AC opened at C$15.35 on Thursday. The firm’s 50-day moving average is C$16.76 and its two-hundred day moving average is C$18.05. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$23.53. The company has a debt-to-equity ratio of 1,767.66, a current ratio of 0.85 and a quick ratio of 1.06. The stock has a market capitalization of C$5.50 billion, a P/E ratio of 2.66, a PEG ratio of 0.02 and a beta of 2.40.

Analyst Ratings Changes

Several brokerages have issued reports on AC. Jefferies Financial Group lowered their target price on shares of Air Canada from C$19.00 to C$16.00 and set a “hold” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price target on shares of Air Canada from C$41.00 to C$36.00 in a research report on Thursday, August 8th. Scotiabank lowered their price target on shares of Air Canada from C$27.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada lowered their price target on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets lowered their price target on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$23.79.

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.