Air Canada (TSE:AC) Given New C$31.00 Price Target at BMO Capital Markets

Air Canada (TSE:AC) had its price objective increased by equities research analysts at BMO Capital Markets from C$29.00 to C$31.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 42.73% from the company’s current price.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price target on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. ATB Capital upped their target price on Air Canada from C$26.50 to C$28.00 in a research report on Monday, November 4th. Cormark increased their price target on Air Canada from C$21.75 to C$26.75 in a report on Monday, November 4th. Citigroup boosted their price objective on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Finally, Scotiabank raised their target price on shares of Air Canada from C$24.00 to C$26.50 in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Air Canada has a consensus rating of “Moderate Buy” and an average target price of C$26.50.

Air Canada Stock Up 0.6 %

Air Canada stock opened at C$21.72 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. The firm’s fifty day simple moving average is C$22.14 and its 200-day simple moving average is C$18.51. The company has a market capitalization of C$7.79 billion, a P/E ratio of 4.85, a P/E/G ratio of 0.02 and a beta of 2.39.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.