Scotiabank Lowers Cargojet (OTCMKTS:CGJTF) Price Target to C$240.00

Cargojet (OTCMKTS:CGJTF) had its target price cut by Scotiabank from C$245.00 to C$240.00 in a report issued on Wednesday morning, The Fly reports.

Other research analysts have also issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Cargojet from C$300.00 to C$295.00 and set an outperform rating on the stock in a research note on Tuesday, November 2nd. National Bankshares lowered shares of Cargojet to a hold rating and set a $205.00 price objective on the stock. in a research note on Thursday, October 14th. Finally, National Bank Financial lowered their price objective on shares of Cargojet from C$205.00 to C$201.00 and set a sector perform rating on the stock in a research note on Tuesday, November 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Cargojet currently has an average rating of Buy and an average price target of $228.71.

Cargojet stock opened at $137.77 on Wednesday. The company’s 50-day moving average is $134.04 and its 200-day moving average is $146.61. Cargojet has a fifty-two week low of $113.90 and a fifty-two week high of $180.00.

Cargojet Company Profile

Cargojet, Inc provides air cargo transportation services. The firm provides aircrafts to customers on an adhoc charter basis operating between points in Canada, the USA and other international destinations. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe.

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