Cargojet (OTCMKTS:CGJTF) Lowered to Sector Perform at National Bank Financial

Cargojet (OTCMKTS:CGJTF) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other analysts have also weighed in on CGJTF. Scotiabank lifted their price objective on shares of Cargojet from C$225.00 to C$235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. Royal Bank of Canada lifted their price objective on shares of Cargojet from C$293.00 to C$300.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. TD Securities lifted their price objective on shares of Cargojet from C$230.00 to C$235.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Finally, BMO Capital Markets decreased their price target on shares of Cargojet from C$245.00 to C$225.00 and set an “outperform” rating for the company in a research note on Wednesday, August 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $237.17.

OTCMKTS:CGJTF opened at $158.61 on Thursday. The company has a fifty day moving average of $156.22 and a 200-day moving average of $148.66. Cargojet has a twelve month low of $124.40 and a twelve month high of $186.62.

About Cargojet

Cargojet, Inc provides air cargo transportation services. The firm provides aircrafts to customers on an adhoc charter basis operating between points in Canada, the USA and other international destinations. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe.

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