Air Canada (TSE:AC) Given New C$31.00 Price Target at BMO Capital Markets

Air Canada (TSE:AC) had its price target hoisted by equities researchers at BMO Capital Markets from C$29.00 to C$31.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 37.84% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Scotiabank lifted their price target on shares of Air Canada from C$24.00 to C$26.50 in a report on Monday, November 4th. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. CIBC raised their target price on shares of Air Canada from C$27.00 to C$28.00 in a research report on Wednesday, December 4th. Cormark lifted their price target on shares of Air Canada from C$21.75 to C$26.75 in a research report on Monday, November 4th. Finally, Canaccord Genuity Group lifted their price target on shares of Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$26.50.

Air Canada Trading Down 0.4 %

Shares of TSE AC traded down C$0.10 during midday trading on Wednesday, reaching C$22.49. 2,981,134 shares of the stock were exchanged, compared to its average volume of 2,571,360. The company has a market capitalization of C$8.06 billion, a P/E ratio of 5.02, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The stock has a 50 day moving average price of C$21.93 and a 200-day moving average price of C$18.46.

About Air Canada

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.