George Stephen Sugar Sells 1,431 Shares of Cargojet Inc (CJT) Stock
Cargojet Inc (TSE:CJT) insider George Stephen Sugar sold 1,431 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of C$50.75, for a total transaction of C$72,623.25.
Cargojet Inc (CJT) traded up 1.36% during midday trading on Friday, reaching $51.75. 7,057 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $49.36 and its 200 day moving average is $47.07. The firm has a market capitalization of $659.55 million and a price-to-earnings ratio of 479.17. Cargojet Inc has a 52 week low of $39.98 and a 52 week high of $52.56.
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Several equities analysts have recently weighed in on CJT shares. CIBC increased their price objective on shares of Cargojet from C$55.00 to C$56.00 in a research note on Wednesday, August 9th. National Bank Financial cut shares of Cargojet from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$51.00 to C$53.00 in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$55.40.
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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