Air Canada (TSE:AC) insider Pierre Houle sold 597 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of C$27.76, for a total transaction of C$16,572.72.
Pierre Houle also recently made the following trade(s):
- On Thursday, February 22nd, Pierre Houle sold 2,238 shares of Air Canada stock. The shares were sold at an average price of C$26.11, for a total transaction of C$58,434.18.
Air Canada (TSE:AC) remained flat at $C$28.11 during trading on Friday. 406,699 shares of the company traded hands, compared to its average volume of 1,345,853. Air Canada has a 12 month low of C$12.49 and a 12 month high of C$28.70. The stock has a market capitalization of $7,680.00, a P/E ratio of 3.82 and a beta of 0.74.
AC has been the subject of several analyst reports. CIBC increased their price objective on shares of Air Canada from C$36.00 to C$38.00 in a research note on Thursday, January 4th. JPMorgan Chase & Co. increased their price objective on shares of Air Canada from C$27.00 to C$30.00 in a research note on Tuesday. TD Securities increased their price objective on shares of Air Canada from C$34.00 to C$36.00 and gave the company an “action list buy” rating in a research note on Wednesday, February 21st. Scotiabank upgraded shares of Air Canada from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$29.25 to C$32.00 in a research note on Tuesday, February 20th. Finally, Macquarie upgraded shares of Air Canada from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$28.00 to C$35.00 in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$32.45.
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Air Canada Company Profile
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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