Air Canada’s (AC) “Neutral” Rating Reiterated at J P Morgan Chase & Co

J P Morgan Chase & Co restated their neutral rating on shares of Air Canada (TSE:AC) in a report issued on Monday morning. They currently have a C$29.00 target price on the stock.

AC has been the topic of a number of other research reports. CIBC lifted their price target on shares of Air Canada from C$34.00 to C$36.00 in a research note on Thursday, October 26th. Scotiabank lifted their price target on shares of Air Canada from C$28.50 to C$30.00 and gave the stock a sector perform rating in a research note on Thursday, October 26th. BMO Capital Markets decreased their price target on shares of Air Canada to C$34.00 and set an outperform rating on the stock in a research note on Thursday, October 26th. Cowen and Company upgraded shares of Air Canada from a market perform rating to an outperform rating and lifted their price target for the stock from C$23.00 to C$40.00 in a research note on Wednesday, September 20th. Finally, National Bank Financial boosted their target price on shares of Air Canada from C$26.00 to C$33.00 and gave the company an outperform rating in a research note on Friday, October 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$30.86.

Shares of Air Canada (AC) opened at C$23.54 on Monday. Air Canada has a 52 week low of C$12.49 and a 52 week high of C$28.70.

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In related news, insider Duncan Bureau sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of C$23.58, for a total transaction of C$47,160.00. Also, insider Lucie Guillemette sold 1,941 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$23.18, for a total transaction of C$44,992.38. In the last quarter, insiders have sold 34,610 shares of company stock worth $767,177.

Air Canada Company Profile

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.

Analyst Recommendations for Air Canada (TSE:AC)

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