Air Canada (TSE:AC) insider Murray Douglas Strom purchased 2,200 shares of the firm’s stock in a transaction dated Friday, December 7th. The shares were bought at an average cost of C$27.29 per share, with a total value of C$60,038.00.
Air Canada stock traded down C$1.03 during mid-day trading on Friday, reaching C$26.77. The company’s stock had a trading volume of 1,172,276 shares, compared to its average volume of 1,242,599. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 146.77. Air Canada has a twelve month low of C$20.33 and a twelve month high of C$29.39.
A number of equities analysts have commented on AC shares. BMO Capital Markets lifted their price objective on shares of Air Canada from C$34.00 to C$39.00 in a report on Tuesday, September 4th. National Bank Financial lifted their price objective on shares of Air Canada from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Raymond James lifted their price objective on shares of Air Canada from C$22.50 to C$24.00 and gave the stock a “market perform” rating in a report on Thursday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Air Canada from C$30.00 to C$34.00 in a report on Friday, November 2nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$34.00.
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About Air Canada
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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