Cargojet (OTCMKTS:CGJTF) had its price target reduced by analysts at Royal Bank of Canada from $318.00 to $293.00 in a research report issued on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 98.10% from the stock’s previous close.
Several other analysts also recently issued reports on CGJTF. Canaccord Genuity raised shares of Cargojet from a “hold” rating to a “buy” rating in a research report on Wednesday, April 28th. Scotiabank raised shares of Cargojet from a “sector perform” rating to an “outperform” rating and set a $220.00 price target for the company in a research report on Monday, March 8th. BMO Capital Markets cut their price objective on shares of Cargojet from $270.00 to $245.00 and set an “outperform” rating on the stock in a report on Tuesday, March 2nd. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Cargojet in a report on Tuesday, March 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $233.00.
Shares of CGJTF traded up $1.26 during mid-day trading on Tuesday, reaching $147.91. The company had a trading volume of 482 shares, compared to its average volume of 273. The company’s 50 day simple moving average is $139.09 and its 200 day simple moving average is $158.34. Cargojet has a 1-year low of $93.99 and a 1-year high of $186.62.
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.
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