Insider Selling: Air Canada (TSE:AC) Senior Officer Sells 6,000 Shares of Stock

Air Canada (TSE:AC) Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80.

Air Canada Price Performance

AC opened at C$22.24 on Wednesday. The stock has a fifty day moving average price of C$22.34 and a 200 day moving average price of C$18.56. 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. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The stock has a market cap of C$7.97 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 0.02 and a beta of 2.39.

Analyst Ratings Changes

AC has been the subject of several recent analyst reports. Cormark increased their price objective on shares of Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. CIBC raised their price objective on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. ATB Capital upped their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their target price on shares of Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.67.

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.