Air Canada (TSE:AC) insider Pierre Houle sold 597 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of C$27.76, for a total value of C$16,572.72.
Pierre Houle also recently made the following trade(s):
- On Thursday, February 22nd, Pierre Houle sold 2,238 shares of Air Canada stock. The shares were sold at an average price of C$26.11, for a total value of C$58,434.18.
Air Canada (AC) traded up C$0.45 during trading on Wednesday, hitting C$28.03. The stock had a trading volume of 1,860,000 shares, compared to its average volume of 1,380,000. The stock has a market capitalization of $7,650.00, a PE ratio of 3.81 and a beta of 0.74. Air Canada has a 1-year low of C$12.49 and a 1-year high of C$28.70.
A number of brokerages have issued reports on AC. JPMorgan Chase & Co. boosted their price target on Air Canada from C$27.00 to C$30.00 in a report on Tuesday. Macquarie raised Air Canada from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$28.00 to C$35.00 in a report on Tuesday, February 20th. Scotiabank raised Air Canada from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$29.25 to C$32.00 in a report on Tuesday, February 20th. TD Securities boosted their price target on Air Canada from C$34.00 to C$36.00 and gave the company an “action list buy” rating in a report on Wednesday, February 21st. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Air Canada in a research report on Sunday, January 14th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Air Canada currently has a consensus rating of “Buy” and an average target price of C$32.45.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name 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.
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