Chorus Aviation Inc (CHR) PT Raised to C$8.50 at Royal Bank Of Canada

Chorus Aviation Inc (TSE:CHR) had its price target boosted by Royal Bank Of Canada from C$8.00 to C$8.50 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.12% from the company’s current price.

Several other analysts have also recently issued reports on CHR. Canaccord Genuity increased their price objective on Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday. National Bank Financial increased their price objective on Chorus Aviation from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Friday. CIBC increased their price objective on Chorus Aviation from C$8.25 to C$8.75 and gave the company an “outperform” rating in a research note on Friday. TD Securities increased their price objective on Chorus Aviation from C$8.50 to C$9.50 and gave the company a “buy” rating in a research note on Friday. Finally, Scotiabank increased their price objective on Chorus Aviation from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$8.83.

Shares of Chorus Aviation (TSE:CHR) opened at 8.01 on Friday. The company has a market capitalization of $990.49 million and a price-to-earnings ratio of 10.01. The company’s 50 day moving average price is $8.16 and its 200-day moving average price is $7.56. Chorus Aviation has a 52 week low of $5.75 and a 52 week high of $12.94.

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In other Chorus Aviation news, insider Steven Linthwaite sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of C$7.27, for a total transaction of C$2,181,000.00. Also, insider Scott Tapson sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of C$7.33, for a total value of C$35,184.00. Over the last 90 days, insiders sold 683,466 shares of company stock worth $5,018,312.

About Chorus Aviation

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.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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