Insider Selling: Cargojet Inc (CJT) Insider Sells 1,431 Shares of Stock
Cargojet Inc (TSE:CJT) insider George Stephen Sugar sold 1,431 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of C$50.75, for a total value of C$72,623.25.
Shares of Cargojet Inc (TSE CJT) traded up 0.61% on Wednesday, reaching $51.06. The company had a trading volume of 21,909 shares. Cargojet Inc has a 52 week low of $38.83 and a 52 week high of $52.56. The company has a market capitalization of $650.76 million and a P/E ratio of 472.78. The company has a 50 day moving average of $49.29 and a 200-day moving average of $47.02.
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Several research analysts recently issued reports on CJT shares. Raymond James Financial, Inc. reduced their target price on Cargojet from C$57.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 16th. National Bank Financial lowered Cargojet from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$51.00 to C$53.00 in a research report on Wednesday, August 9th. Finally, CIBC upped their target price on Cargojet from C$55.00 to C$56.00 in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$55.40.
Cargojet Company Profile
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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