Air Canada (TSE:AC) insider Michael Stewart Rousseau sold 40,000 shares of Air Canada stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of C$21.20, for a total transaction of C$848,000.00.

Michael Stewart Rousseau also recently made the following trade(s):

  • On Thursday, June 8th, Michael Stewart Rousseau sold 52,000 shares of Air Canada stock. The shares were sold at an average price of C$18.04, for a total transaction of C$938,080.00.
  • On Friday, June 9th, Michael Stewart Rousseau sold 34,992 shares of Air Canada stock. The shares were sold at an average price of C$18.00, for a total transaction of C$629,856.00.

Air Canada (TSE AC) opened at 21.67 on Friday. The company has a market capitalization of $5.87 billion and a P/E ratio of 8.21. Air Canada has a one year low of $8.66 and a one year high of $22.25. The company’s 50-day moving average is $18.68 and its 200 day moving average is $15.40.

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Several analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Air Canada from C$25.00 to C$26.00 and gave the company a “top pick” rating in a research report on Wednesday. Canaccord Genuity lifted their target price on shares of Air Canada from C$23.00 to C$27.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James Financial, Inc. lifted their target price on shares of Air Canada from C$12.50 to C$15.00 and gave the company a “market perform” rating in a research report on Monday, May 15th. Beacon Securities reiterated a “buy” rating on shares of Air Canada in a research report on Thursday, May 18th. Finally, Scotiabank lifted their target price on shares of Air Canada from C$20.50 to C$27.00 and gave the company a “sector perform” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$25.17.

About Air Canada

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.

Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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