Air Canada (TSE:AC) Given New C$23.00 Price Target at Jefferies Financial Group

Air Canada (TSE:AC) had its price target upped by equities researchers at Jefferies Financial Group from C$22.00 to C$23.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 4.26% from the stock’s current price.

Several other research analysts have also weighed in on AC. CIBC boosted their price target on Air Canada from C$27.00 to C$28.00 in a research report on Wednesday, December 4th. BMO Capital Markets raised their target price on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. National Bankshares upped their price target on shares of Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Stifel Nicolaus lifted their price objective on shares of Air Canada from C$25.50 to C$28.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Cormark upped their target price on shares of Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$26.60.

Air Canada Price Performance

Shares of TSE AC opened at C$22.06 on Monday. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. The business has a 50-day moving average of C$23.34 and a 200-day moving average of C$18.91. The stock has a market capitalization of C$7.91 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$26.18.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is currently owned by corporate insiders.

About Air Canada

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.