Pierre Houle Sells 2,238 Shares of Air Canada (AC) Stock
Air Canada (TSE:AC) insider Pierre Houle sold 2,238 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$26.11, for a total transaction of C$58,434.18.
Air Canada (TSE:AC) traded down C$0.26 during trading hours on Thursday, reaching C$25.99. 1,307,729 shares of the company’s stock traded hands, compared to its average volume of 1,440,000. The firm has a market cap of $7,100.00, a price-to-earnings ratio of 3.53 and a beta of 0.94. Air Canada has a 12 month low of C$12.49 and a 12 month high of C$28.70.
AC has been the topic of a number of recent research reports. CIBC boosted their price target on shares of Air Canada from C$36.00 to C$38.00 in a research report on Thursday, January 4th. TD Securities boosted their price target on shares of Air Canada from C$34.00 to C$36.00 and gave the stock an “action list buy” rating in a research report on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a C$29.00 target price on shares of Air Canada in a report on Monday, November 13th. BMO Capital Markets decreased their target price on shares of Air Canada to C$34.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Finally, Royal Bank of Canada decreased their target price on shares of Air Canada from C$33.00 to C$31.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Air Canada has an average rating of “Buy” and a consensus price target of C$32.36.
Air Canada Company Profile
Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
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