Air Canada (AC) Insider Mark Duane Southern Sells 875 Shares
Air Canada (TSE:AC) insider Mark Duane Southern sold 875 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of C$25.10, for a total value of C$21,962.50.
Air Canada (AC) traded down C$0.36 during trading on Friday, reaching C$24.57. The company’s stock had a trading volume of 720,209 shares, compared to its average volume of 1,497,536. Air Canada has a one year low of C$12.49 and a one year high of C$28.70.
A number of analysts recently issued reports on AC shares. TD Securities boosted their price target on Air Canada from C$34.00 to C$36.00 and gave the company an “action list buy” rating in a report on Thursday, October 26th. Royal Bank Of Canada boosted their price target on Air Canada from C$25.00 to C$26.00 and gave the company a “top pick” rating in a report on Wednesday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a C$34.00 price target on shares of Air Canada in a report on Wednesday, September 20th. Canaccord Genuity boosted their price target on Air Canada from C$31.00 to C$33.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, CIBC boosted their price target on Air Canada from C$23.00 to C$27.00 in a report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$30.86.
Air Canada Company Profile
Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder 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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