Chorus Aviation Inc (TSE:CHR) Price Target Increased to C$9.50 by Analysts at TD Securities
Chorus Aviation Inc (TSE:CHR) had its target price hoisted by investment analysts at TD Securities from C$8.50 to C$9.50 in a report released on Friday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 18.90% from the stock’s current price.
CHR has been the subject of several other research reports. CIBC upped their target price on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the stock an “outperform” rating in a research note on Friday. Canaccord Genuity upped their target price on shares of Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday. Finally, Scotiabank upped their target price on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$8.86.
Chorus Aviation (CHR) traded up 0.25% during midday trading on Friday, reaching $8.01. 139,169 shares of the company’s stock traded hands. The firm has a market cap of $978.68 million and a price-to-earnings ratio of 12.14. The stock’s 50 day moving average price is $8.15 and its 200 day moving average price is $7.56. Chorus Aviation has a 1-year low of $5.75 and a 1-year high of $12.94.
In related news, Director Nowlan Kal Dayne Rebin sold 25,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of C$7.35, for a total transaction of C$183,750.00. Also, insider Rick Flynn sold 80,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of C$7.60, for a total transaction of C$608,000.00. In the last 90 days, insiders have sold 683,466 shares of company stock valued at $5,018,312.
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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