Air Canada (TSE:AC) insider Pierre Houle sold 597 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of C$27.76, for a total value of C$16,572.72.
Pierre Houle also recently made the following trade(s):
- On Thursday, February 22nd, Pierre Houle sold 2,238 shares of Air Canada stock. The stock was sold at an average price of C$26.11, for a total value of C$58,434.18.
Shares of Air Canada (AC) traded down C$0.02 during trading on Friday, reaching C$28.01. The company’s stock had a trading volume of 1,057,706 shares, compared to its average volume of 1,358,650. The company has a market cap of $7,680.00, a P/E ratio of 3.81 and a beta of 0.74. Air Canada has a 52-week low of C$12.49 and a 52-week high of C$28.70.
Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Air Canada from C$27.00 to C$30.00 in a report on Tuesday. TD Securities lifted their target price on Air Canada from C$34.00 to C$36.00 and gave the company an “action list buy” rating in a research note on Wednesday, February 21st. Scotiabank raised Air Canada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$29.25 to C$32.00 in a research note on Tuesday, February 20th. Macquarie raised Air Canada from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$28.00 to C$35.00 in a research note on Tuesday, February 20th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Air Canada in a research note on Sunday, January 14th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$32.45.
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Air Canada Company Profile
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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