Chorus Aviation Inc (CHR) Sets New 1-Year High at $9.80
Chorus Aviation Inc (TSE:CHR)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$9.80 and last traded at C$9.78, with a volume of 385150 shares. The stock had previously closed at C$9.76.
A number of equities analysts have issued reports on CHR shares. Royal Bank Of Canada decreased their price objective on Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating for the company in a report on Thursday, November 9th. Scotiabank decreased their price objective on Chorus Aviation from C$10.00 to C$8.50 and set an “outperform” rating for the company in a report on Tuesday, August 29th. CIBC increased their price objective on Chorus Aviation from C$8.75 to C$9.50 in a report on Friday, October 13th. National Bank Financial upgraded Chorus Aviation from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$8.50 to C$10.00 in a report on Wednesday, August 23rd. Finally, TD Securities increased their price objective on Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a report on Friday, August 11th. Six equities research analysts have rated the stock with a buy rating, Chorus Aviation presently has an average rating of “Buy” and a consensus target price of C$9.71.
In related news, Director Franco Giampa sold 120,100 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of C$8.20, for a total transaction of C$984,820.00. Also, insider Jolene Mahody sold 57,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of C$8.15, for a total value of C$464,550.00. Insiders have sold 400,700 shares of company stock worth $3,451,770 over the last ninety days.
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.
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