Citigroup Lowers Air Canada (TSE:AC) Price Target to C$26.50

Air Canada (TSE:AC - Free Report) had its price objective reduced by Citigroup from C$28.50 to C$26.50 in a research note released on Monday morning,BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

AC has been the topic of a number of other research reports. National Bankshares increased their price objective on Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Raymond James upgraded shares of Air Canada to a "moderate buy" rating in a research note on Tuesday, December 17th. Stifel Canada upgraded shares of Air Canada from a "hold" rating to a "strong-buy" rating in a research report on Sunday, November 3rd. TD Cowen increased their target price on shares of Air Canada to C$25.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Cormark boosted their price target on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$26.53.

Air Canada Stock Down 0.8 %

Shares of AC traded down C$0.18 during midday trading on Monday, hitting C$22.25. The company had a trading volume of 1,913,061 shares, compared to its average volume of 2,600,058. The company's 50-day simple moving average is C$22.95 and its 200-day simple moving average is C$18.75. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The firm has a market capitalization of C$7.98 billion, a P/E ratio of 4.97, a P/E/G ratio of 0.02 and a beta of 2.39.

Insider Buying and Selling

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

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.