Shares of Air Canada (TSE:AC – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$26.18 and last traded at C$26.00, with a volume of 2115063 shares trading hands. The stock had previously closed at C$25.54.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on AC shares. ATB Capital upped their target price on Air Canada from C$26.50 to C$28.00 in a report on Monday, November 4th. National Bankshares upped their price target on Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and raised their target price for the company from C$20.00 to C$25.50 in a research note on Monday, November 4th. Finally, Citigroup lifted their target price on shares of Air Canada from C$21.00 to C$28.50 in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$25.82.
Check Out Our Latest Analysis on Air Canada
Air Canada Stock Performance
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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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