Air Canada (TSE:AC) insider Carolyn Hadrovic sold 3,708 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of C$29.20, for a total transaction of C$108,273.60.
Shares of AC stock opened at C$26.77 on Friday. Air Canada has a 52 week low of C$20.33 and a 52 week high of C$29.39. The company has a debt-to-equity ratio of 146.77, a quick ratio of 1.13 and a current ratio of 1.26.
Several research analysts recently weighed in on AC shares. BMO Capital Markets upped their target price on shares of Air Canada from C$34.00 to C$39.00 in a report on Tuesday, September 4th. National Bank Financial upped their target price on shares of Air Canada from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Raymond James upped their target price on shares of Air Canada from C$22.50 to C$24.00 and gave the stock a “market perform” rating in a report on Thursday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Air Canada from C$30.00 to C$34.00 in a report on Friday, November 2nd. One equities research analyst has rated the stock with a hold rating, six have issued 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 price target of C$34.00.
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Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name 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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