Benjamin M. Smith Sells 30,669 Shares of Air Canada (AC) Stock
Air Canada (TSE:AC) Director Benjamin M. Smith sold 30,669 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of C$22.01, for a total transaction of C$675,024.69.
Air Canada (TSE AC) opened at C$23.54 on Thursday. Air Canada has a twelve month low of C$12.49 and a twelve month high of C$28.70.
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Several analysts have recently issued reports on the stock. CIBC boosted their price target on shares of Air Canada from C$27.00 to C$34.00 in a research report on Friday, October 13th. National Bank Financial boosted their price target on shares of Air Canada from C$26.00 to C$33.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. Canaccord Genuity boosted their price target on shares of Air Canada from C$31.00 to C$33.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. BMO Capital Markets lowered their price target on shares of Air Canada to C$34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada decreased their target price on shares of Air Canada from C$33.00 to C$31.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$30.86.
About Air Canada
Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder 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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