Chorus Aviation Inc (TSE:CHR) insider Scott Tapson sold 15,200 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$9.75, for a total transaction of C$148,200.00.
Shares of Chorus Aviation Inc (CHR) traded down C$0.15 during mid-day trading on Tuesday, hitting C$9.55. 232,928 shares of the stock were exchanged, compared to its average volume of 306,908. Chorus Aviation Inc has a fifty-two week low of C$6.42 and a fifty-two week high of C$9.80.
The firm also recently announced a monthly dividend, which will be paid on Monday, December 18th. Stockholders of record on Thursday, November 30th will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Wednesday, November 29th. Chorus Aviation’s dividend payout ratio is presently 38.10%.
CHR has been the topic of a number of recent analyst reports. CIBC increased their price target on shares of Chorus Aviation from C$8.75 to C$9.50 in a research note on Friday, October 13th. Canaccord Genuity raised their target price on shares of Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday, August 11th. TD Securities raised their target price on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the company a “buy” rating in a research note on Friday, August 11th. Scotiabank raised their target price on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada cut their target price on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$9.71.
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About Chorus Aviation
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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