Cargojet (CJT) PT Raised to C$85.00

Cargojet (TSE:CJT) had its price objective boosted by equities researchers at Royal Bank of Canada from C$73.00 to C$85.00 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 15.36% from the stock’s previous close.

Separately, National Bank Financial upped their target price on Cargojet from C$65.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday.

Shares of Cargojet stock opened at C$73.68 on Tuesday. Cargojet has a 52 week low of C$47.30 and a 52 week high of C$73.74.

In related news, Director Jamie Bennett Porteous sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of C$65.00, for a total transaction of C$325,000.00.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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