Shares of Chorus Aviation Inc (TSE:CHR) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$9.71.

A number of equities research analysts have issued reports on the stock. CIBC lifted their target price on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the company an “outperform” rating in a research note on Friday, August 11th. National Bank Financial decreased their target price on shares of Chorus Aviation from C$10.00 to C$8.50 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Royal Bank Of Canada lifted their target price on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Friday, August 11th. Scotiabank decreased their target price on shares of Chorus Aviation from C$10.00 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday, August 29th. Finally, TD Securities lifted 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.

In other Chorus Aviation news, insider Jolene Mahody sold 6,100 shares of Chorus Aviation stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of C$9.78, for a total transaction of C$59,658.00. Also, Director Gary James Osborne bought 50,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were bought at an average cost of C$8.25 per share, with a total value of C$412,500.00. Insiders have sold a total of 194,900 shares of company stock valued at $1,779,898 in the last three months.

Chorus Aviation (TSE:CHR) remained flat at $C$9.77 during midday trading on Friday. The company had a trading volume of 391,999 shares, compared to its average volume of 309,050. Chorus Aviation has a 12-month low of C$6.42 and a 12-month high of C$9.80.

The business also recently announced a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Wednesday, November 29th. Chorus Aviation’s dividend payout ratio (DPR) is currently 38.10%.

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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.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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