Insider Selling: Air Canada (AC) Insider Sells C$63,306.32 in Stock

Air Canada (TSE:AC) insider Arielle Meloul-Wechsler sold 2,408 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of C$26.29, for a total transaction of C$63,306.32.

TSE:AC opened at C$26.51 on Friday. Air Canada has a 52 week low of C$20.33 and a 52 week high of C$29.11. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 179.37.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Air Canada from C$30.00 to C$34.00 in a report on Friday, November 2nd. Raymond James upped their price target on shares of Air Canada from C$22.50 to C$24.00 and gave the company a “market perform” rating in a report on Thursday, November 1st. National Bank Financial upped their price target on shares of Air Canada from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. BMO Capital Markets upped their price target on shares of Air Canada from C$34.00 to C$39.00 in a report on Tuesday, September 4th. Finally, Cormark set a C$39.00 price target on shares of Air Canada in a report on Monday, July 30th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$34.00.

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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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Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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