Air Canada (TSE:AC) insider Arielle Meloul-Wechsler sold 2,408 shares of Air Canada stock in a transaction on Monday, November 5th. The stock was sold at an average price of C$26.29, for a total value of C$63,306.32.
TSE:AC traded up C$0.64 on Wednesday, reaching C$26.98. The company’s stock had a trading volume of 1,175,798 shares, compared to its average volume of 1,240,275. Air Canada has a 1-year low of C$20.33 and a 1-year high of C$29.11.
A number of equities research analysts recently commented on the company. CIBC decreased their price objective on Air Canada from C$36.00 to C$35.00 in a research note on Saturday, July 14th. Royal Bank of Canada lifted their price objective on Air Canada from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. JPMorgan Chase & Co. lifted their price objective on Air Canada from C$30.00 to C$34.00 in a research note on Friday, November 2nd. National Bank Financial lifted their price objective on Air Canada from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. Finally, Raymond James lifted their price objective on Air Canada from C$21.00 to C$22.50 and gave the stock a “market perform” rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$34.00.
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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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