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A statement released earlier today by RBC Capital Markets about Air Canada (TSE:AC) bumps the target price to $25.00

RBC Capital Markets bumped up the stock price target of Air Canada (TSE:AC) to $25.00 reporting a possible upside of 0.28%.

Previously on Thursday June 29, 2017, National Bank Financial reported about Air Canada (TSE:AC) raised the target price from $18.50 to $20.00. At the time, this indicated a possible upside of 0.16%.

Yesterday Air Canada (TSE:AC) traded 1.52% higher at $19.53. The company’s 50-day moving average is $19.65 and its 200-day moving average is $15.80. The last stock close price is up 39.93% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 1,013,823 shares of the stock were exchanged, down from an average trading volume of 1,370,390

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Air Canada (TSE:AC)

Air Canada has a 52 week low of $8.82 and a 52 week high of $22.25 with a P/E ratio of 7.24 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $12.02 with 5 firms rating the stock a strong buy, 6 brokers rating the stock a buy, 3 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Air Canada (TSE:AC)

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets. Air Canada rouge operates a fleet of approximately 50 aircraft comprising over 20 Airbus A319 aircraft, five Airbus A321 aircraft and approximately 20 Boeing 767-300 aircraft. Through the 28-member airline network, it offers flights to approximately 1,300 destinations in over 190 countries. Air Canada Altitude recognizes and rewards Aeroplan loyalty program members with a range of travel privileges and benefits corresponding to their travel activity, such as priority check-in, complimentary checked baggage and upgrades to business class.

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