Air Canada (TSE:AC) insider Murray Douglas Strom acquired 2,200 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were bought at an average price of C$27.29 per share, for a total transaction of C$60,038.00.
Shares of TSE AC traded down C$1.03 during midday trading on Friday, reaching C$26.77. 1,172,276 shares of the company traded hands, compared to its average volume of 1,242,599. Air Canada has a 52 week low of C$20.33 and a 52 week high of C$29.39. The company has a debt-to-equity ratio of 146.77, a quick ratio of 1.13 and a current ratio of 1.26.
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Air Canada from C$30.00 to C$34.00 in a research note on Friday, November 2nd. Raymond James lifted their price objective on shares of Air Canada from C$22.50 to C$24.00 and gave the company a “market perform” rating in a research note on Thursday, November 1st. National Bank Financial lifted their price objective on shares of Air Canada from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Finally, BMO Capital Markets lifted their price objective on shares of Air Canada from C$34.00 to C$39.00 in a research note on Tuesday, September 4th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Air Canada presently has an average rating of “Buy” and an average target price of C$34.00.
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name 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.
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