BMO Capital Markets Trims Air Canada (AC) Target Price to C$34.00

Air Canada (TSE:AC) had its target price cut by BMO Capital Markets to C$34.00 in a research note published on Thursday morning. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on Air Canada from C$25.00 to C$26.00 and gave the company a top pick rating in a report on Wednesday, August 2nd. Canaccord Genuity lifted their target price on Air Canada from C$23.00 to C$27.00 and gave the company a buy rating in a report on Wednesday, August 2nd. Scotiabank lifted their target price on Air Canada from C$20.50 to C$27.00 and gave the company a sector perform rating in a report on Wednesday, August 2nd. National Bank Financial lifted their target price on Air Canada from C$18.50 to C$20.00 in a report on Thursday, June 29th. Finally, CIBC lifted their target price on Air Canada from C$34.00 to C$36.00 in a report on Thursday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$31.05.

Shares of Air Canada (TSE AC) opened at 26.28 on Thursday. The stock has a market cap of $7.14 billion and a P/E ratio of 8.61. The company has a 50 day moving average price of $21.96 and a 200 day moving average price of $17.12. Air Canada has a 12-month low of $11.60 and a 12-month high of $28.70.

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In other news, insider Lucie Guillemette sold 1,941 shares of Air Canada stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$23.18, for a total transaction of C$44,992.38. Also, Director Calin Rovinescu sold 925,481 shares of Air Canada stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of C$20.72, for a total value of C$19,175,966.32. In the last 90 days, insiders have sold 1,001,939 shares of company stock worth $20,827,620.

Air Canada Company Profile

Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder 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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