Franco Giampa Sells 36,800 Shares of Chorus Aviation Inc (CHR) Stock

Chorus Aviation Inc (TSE:CHR) Director Franco Giampa sold 36,800 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of C$8.20, for a total transaction of C$301,760.00.

Franco Giampa also recently made the following trade(s):

  • On Thursday, August 24th, Franco Giampa sold 120,100 shares of Chorus Aviation stock. The shares were sold at an average price of C$8.20, for a total transaction of C$984,820.00.
  • On Wednesday, August 16th, Franco Giampa sold 43,100 shares of Chorus Aviation stock. The shares were sold at an average price of C$8.21, for a total transaction of C$353,851.00.

Chorus Aviation Inc (TSE CHR) opened at 8.24 on Wednesday. The company’s 50-day moving average is $8.00 and its 200-day moving average is $7.63. Chorus Aviation Inc has a 52-week low of $5.92 and a 52-week high of $8.26. The company has a market capitalization of $1.02 billion and a price-to-earnings ratio of 10.30.

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 31st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.83%.

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A number of brokerages have commented on CHR. Scotiabank cut their price target 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. National Bank Financial raised shares of Chorus Aviation from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$8.50 to C$10.00 in a research report on Wednesday, August 23rd. CIBC increased their price objective on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the company an “outperform” rating in a research report on Friday, August 11th. TD Securities increased their price objective on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada increased their price objective on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Friday, August 11th. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$9.08.

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.

Insider Buying and Selling by Quarter for Chorus Aviation (TSE:CHR)




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