Chorus Aviation Inc (TSE:CHR) had its price objective lifted by equities researchers at CIBC from C$8.25 to C$8.75 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 9.24% from the company’s previous close.
Several other analysts also recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a C$9.00 price objective on shares of Chorus Aviation in a research report on Monday, June 5th. Scotiabank raised their price objective on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Monday, May 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$8.83.
Chorus Aviation (TSE:CHR) opened at 8.01 on Friday. The company has a market cap of $990.49 million and a price-to-earnings ratio of 10.01. Chorus Aviation has a 52 week low of $5.75 and a 52 week high of $12.94. The firm has a 50-day moving average of $8.16 and a 200-day moving average of $7.56.
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In other Chorus Aviation news, insider Steven Linthwaite sold 300,000 shares of the firm’s stock in a transaction on 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, Director Nowlan Kal Dayne Rebin sold 109,063 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of C$7.24, for a total value of C$789,616.12. Over the last quarter, insiders sold 683,466 shares of company stock worth $5,018,312.
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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