Air Canada (TSE:AC) Director Benjamin M. Smith sold 30,669 shares of Air Canada stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$22.01, for a total transaction of C$675,024.69.
Shares of Air Canada (TSE:AC) traded down C$0.23 during trading on Tuesday, hitting C$22.54. 3,837,550 shares of the stock were exchanged, compared to its average volume of 1,491,965. Air Canada has a fifty-two week low of C$12.49 and a fifty-two week high of C$28.70.
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AC has been the subject of a number of recent research reports. Macquarie lifted their price target on shares of Air Canada from C$18.00 to C$22.50 and gave the stock a “neutral” rating in a research note on Monday, July 17th. CIBC lifted their price target on shares of Air Canada from C$23.00 to C$27.00 in a research note on Wednesday, August 2nd. Scotiabank boosted their price objective on shares of Air Canada from C$20.50 to C$27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada boosted their price objective on shares of Air Canada from C$25.00 to C$26.00 and gave the stock a “top pick” rating in a research report on Wednesday, August 2nd. Finally, TD Securities boosted their price objective on shares of Air Canada from C$25.00 to C$34.00 and gave the stock an “action list buy” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$30.86.
About Air Canada
Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder 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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