WestJet Airlines (WJA) Price Target Raised to C$30.00

WestJet Airlines (TSE:WJA) had its price objective boosted by Royal Bank Of Canada from C$28.00 to C$30.00 in a research note issued to investors on Thursday morning. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other brokerages have also recently weighed in on WJA. CIBC lifted their price target on WestJet Airlines from C$27.00 to C$29.50 in a research report on Friday, October 13th. Canaccord Genuity lifted their price target on WestJet Airlines from C$27.50 to C$28.00 in a research report on Thursday, October 12th. National Bank Financial lifted their price target on WestJet Airlines from C$27.00 to C$29.00 and gave the company a sector perform rating in a research report on Thursday, October 12th. Scotiabank lifted their price target on WestJet Airlines from C$28.25 to C$29.50 and gave the company an outperform rating in a research report on Wednesday, November 1st. Finally, TD Securities reduced their price target on WestJet Airlines from C$31.00 to C$30.00 and set a hold rating for the company in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. WestJet Airlines currently has a consensus rating of Hold and a consensus price target of C$27.63.

Shares of WestJet Airlines (TSE WJA) opened at C$27.44 on Thursday. WestJet Airlines has a 52-week low of C$21.03 and a 52-week high of C$28.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, December 12th. WestJet Airlines’s dividend payout ratio (DPR) is currently 22.67%.

In related news, Director Karen Sheriff bought 4,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was bought at an average price of C$25.55 per share, with a total value of C$102,200.00.

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About WestJet Airlines

WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States.

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