Brokerages Set Cargojet Inc. (OTCMKTS:CGJTF) Price Target at $230.83


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Cargojet Inc. (OTCMKTS:CGJTF) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $230.83.

A number of analysts recently weighed in on the company. Scotiabank increased their price objective on Cargojet from $230.00 to $240.00 and gave the company a “sector perform” rating in a report on Tuesday, February 2nd. BMO Capital Markets increased their price objective on Cargojet from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, February 2nd. Royal Bank of Canada increased their price objective on Cargojet from $310.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 2nd. Finally, National Bank Financial started coverage on Cargojet in a report on Tuesday, February 2nd. They issued an “outperform” rating for the company.

OTCMKTS CGJTF opened at $159.94 on Thursday. Cargojet has a twelve month low of $59.15 and a twelve month high of $186.62. The stock has a fifty day simple moving average of $165.63 and a 200 day simple moving average of $158.39.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 15 cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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Analyst Recommendations for Cargojet (OTCMKTS:CGJTF)

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