Citigroup Increases Air Canada (TSE:AC) Price Target to C$28.50

Air Canada (TSE:AC) had its price objective hoisted by stock analysts at Citigroup to C$28.50 in a report issued on Monday, Stock Target Advisor reports. Citigroup’s price objective indicates a potential upside of 14.97% from the company’s previous close.

A number of other research firms have also recently commented on AC. Cormark lifted their price objective on Air Canada from C$21.75 to C$26.75 in a research report on Monday, November 4th. CIBC upped their price objective on shares of Air Canada from C$25.00 to C$27.00 in a research note on Monday, November 4th. TD Securities lowered their target price on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Finally, Jefferies Financial Group lifted their price target on Air Canada from C$18.00 to C$22.00 in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Air Canada currently has an average rating of “Moderate Buy” and an average target price of C$25.75.

Air Canada Price Performance

Shares of AC stock traded up C$0.29 during trading hours on Monday, hitting C$24.79. The company’s stock had a trading volume of 1,896,111 shares, compared to its average volume of 2,419,058. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$24.99. The stock has a market cap of C$8.89 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of 0.02 and a beta of 2.39. The business has a fifty day moving average of C$18.25 and a 200-day moving average of C$17.68.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.