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A statement released today by Canaccord Genuity about Air Canada (TSE:AC) ups the target price to $23.00

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

In a report released on 7/7/2017 Canaccord Genuity increased the stock price target of Air Canada (TSE:AC) from $21.00 to $23.00 indicating a possible upside of 0.18%.

Previously on 06/29/2017, 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%.

See Chart Below

Air Canada (TSE:AC)

Air Canada has a 52 week low of $8.82 and a one year high of $22.25 with a price-earnings ratio of 7.24 AC’s total market value is presently $0.

A total of 14 equity analysts have released a ratings update on AC. Five equity analysts rating the company a strong buy, six equity analysts rating the company a buy, three equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $12.02.

Brief Synopsis 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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