Chorus Aviation Inc (TSE:CHR) insider Jolene Mahody sold 193,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$8.15, for a total transaction of C$1,572,950.00.
Jolene Mahody also recently made the following trade(s):
- On Thursday, August 24th, Jolene Mahody sold 57,000 shares of Chorus Aviation stock. The shares were sold at an average price of C$8.15, for a total transaction of C$464,550.00.
Shares of Chorus Aviation Inc (TSE:CHR) traded down 0.36% during midday trading on Friday, hitting $8.24. 377,344 shares of the stock were exchanged. The firm’s 50-day moving average is $8.07 and its 200-day moving average is $7.67. Chorus Aviation Inc has a 12 month low of $5.92 and a 12 month high of $12.94. The stock has a market cap of $1.02 billion and a price-to-earnings ratio of 10.30.
The firm also recently announced a monthly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, July 31st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.48 annualized dividend and a dividend yield of 5.83%.
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A number of equities research analysts have weighed in on the stock. Canaccord Genuity reiterated a “buy” rating and set a C$9.00 target price on shares of Chorus Aviation in a research note on Monday, June 5th. Royal Bank Of Canada boosted their target price on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Friday, August 11th. TD Securities boosted their target price on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the company a “buy” rating in a research note on Friday, August 11th. Scotiabank decreased their target price on shares of Chorus Aviation from C$10.00 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday. Finally, National Bank Financial upgraded shares of Chorus Aviation from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$8.50 to C$10.00 in a research note on Wednesday, August 23rd. Six research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of C$9.08.
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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