Air Canada (TSE:AC) Price Target Raised to C$28.50

Air Canada (TSE:AC) had its price target raised by Citigroup from C$21.00 to C$28.50 in a research note released on Monday morning, MarketBeat Ratings reports.

AC has been the subject of several other research reports. Royal Bank of Canada lowered their price objective on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 23rd. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. National Bankshares raised their price target on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Scotiabank boosted their price objective on shares of Air Canada from C$24.00 to C$26.50 in a research note on Monday, November 4th. Finally, TD Cowen raised their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.75.

Air Canada Trading Up 3.2 %

Shares of AC stock opened at C$23.96 on Monday. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$24.99. The stock’s fifty day simple moving average is C$18.92 and its 200 day simple moving average is C$17.78. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The firm has a market capitalization of C$8.59 billion, a P/E ratio of 5.35, a P/E/G ratio of 0.02 and a beta of 2.39.

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.