Canaccord Genuity Raises Chorus Aviation Inc (CHR) Price Target to C$9.25
Chorus Aviation Inc (TSE:CHR) had its target price hoisted by stock analysts at Canaccord Genuity from C$9.00 to C$9.25 in a note issued to investors on Friday. Canaccord Genuity’s target price suggests a potential upside of 15.77% from the company’s previous close.
Several other research analysts have also weighed in on CHR. CIBC increased their target price on Chorus Aviation from C$8.25 to C$8.75 and gave the stock an “outperform” rating in a research report on Friday. Scotiabank increased their target price on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Monday, May 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$8.86.
Chorus Aviation (CHR) traded up 0.25% during midday trading on Friday, reaching $8.01. The company’s stock had a trading volume of 139,169 shares. The firm has a market cap of $978.68 million and a price-to-earnings ratio of 12.14. The company has a 50 day moving average price of $8.15 and a 200 day moving average price of $7.56. Chorus Aviation has a 1-year low of $5.75 and a 1-year high of $12.94.
In other Chorus Aviation news, Director Nowlan Kal Dayne Rebin sold 109,063 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of C$7.24, for a total value of C$789,616.12. Also, insider Scott Tapson sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of C$7.33, for a total value of C$35,184.00. Insiders sold 683,466 shares of company stock worth $5,018,312 over the last three months.
Chorus Aviation Company Profile
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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