Chorus Aviation (OTCMKTS:CHRRF) Price Target Raised to $5.50


Share on StockTwits

Chorus Aviation (OTCMKTS:CHRRF) had its price target boosted by investment analysts at Royal Bank of Canada from $4.50 to $5.50 in a report issued on Thursday, The Fly reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 50.69% from the company’s previous close.

A number of other analysts have also commented on CHRRF. CIBC cut their price target on Chorus Aviation from $5.50 to $5.25 and set an “outperform” rating on the stock in a report on Monday, February 22nd. National Bank Financial began coverage on Chorus Aviation in a report on Wednesday. They issued a “sector perform” rating on the stock. TD Securities cut their price target on Chorus Aviation from $6.00 to $5.50 and set a “buy” rating on the stock in a report on Wednesday. Finally, Scotiabank boosted their price target on Chorus Aviation from $4.75 to $5.00 and gave the company a “sector perform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Chorus Aviation currently has a consensus rating of “Buy” and an average target price of $5.31.

CHRRF stock traded down $0.05 during midday trading on Thursday, hitting $3.65. 1,250 shares of the company’s stock were exchanged, compared to its average volume of 7,956. The stock’s fifty day moving average price is $3.59 and its 200-day moving average price is $2.84. Chorus Aviation has a one year low of $1.60 and a one year high of $4.24.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services.

Further Reading: What is the QQQ ETF?

The Fly

Analyst Recommendations for Chorus Aviation (OTCMKTS:CHRRF)

Receive News & Ratings for Chorus Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chorus Aviation and related companies with MarketBeat.com's FREE daily email newsletter.