Shares of Cargojet Inc (TSE:CJT) hit a new 52-week high during trading on Monday . The stock traded as high as C$66.40 and last traded at C$66.01, with a volume of 20135 shares traded. The stock had previously closed at C$63.25.

Several analysts have commented on CJT shares. Royal Bank of Canada lifted their price objective on shares of Cargojet from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. CIBC lifted their price objective on shares of Cargojet from C$60.00 to C$62.00 in a research report on Thursday, January 4th. Acumen Capital lifted their price objective on shares of Cargojet from C$60.00 to C$65.00 in a research report on Friday, January 19th. Finally, National Bank Financial lifted their price objective on shares of Cargojet from C$53.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 14th.

The firm has a market cap of $892.40, a PE ratio of 69.53 and a beta of 1.38.

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About Cargojet

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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