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

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

Several other research analysts have also recently weighed in on the company. Canaccord Genuity Group upped their price objective on Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. TD Cowen upped their price target on Air Canada to C$25.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. ATB Capital lifted their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. National Bankshares boosted their price objective on shares of Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Finally, Citigroup decreased their target price on shares of Air Canada from C$28.50 to C$26.50 and set a "buy" rating for the company in a research report on Monday, December 30th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$26.60.

Air Canada Trading Down 0.1 %

Shares of Air Canada stock traded down C$0.03 during trading hours on Monday, hitting C$22.30. The company's stock had a trading volume of 2,479,757 shares, compared to its average volume of 2,796,987. 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. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. The stock has a 50 day moving average of C$23.22 and a 200 day moving average of C$18.87. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18.

Insider Buying and Selling at Air Canada

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business's stock in a transaction on Thursday, December 19th. The stock was 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.

Air Canada Company Profile

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.