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Air Canada (TSE:AC) target price raised to $14.00, reported today by CIBC World Markets

Having a price of $8.84, Air Canada (TSE:AC) traded 0.33% higher on the day. With the last stock price close down 2.10% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the same time. The company has registered a 50-day moving average of $9.02 and two hundred day moving average of $9.04. 830,741 shares of AC were exchanged, down from ann avg. trading volume of 1,087,410

In a report issued 8/03/2016 CIBC World Markets bumped up the target price of Air Canada (TSE:AC) from $12 to $14 indicating a possible upsideof 0.58%.

Previously on Friday July 22 2016, Macquarie Research released a statement about Air Canada(TSE:AC) bumped the target price from $9.00 to $10.00 that suggested an upside of 0.05%.

Performance Chart:

Air Canada (TSE:AC)

Air Canada has a one-year low of $6.81 and a 52 week high of $12.39 with a price-earnings ratio of 4. Air Canada’s total market value is presently $0.0.

More 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. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets. Air Canada rouge operates a fleet of approximately 40 aircraft, which includes Airbus A319 aircraft, Airbus A321 aircraft and Boeing 767-300 aircraft. The Company offers in-flight wireless fidelity (Wi-Fi) connectivity to its customers on its mainline narrow-body aircraft within North America, including the Airbus A320 and Embraer 190 aircraft, as well as its Air Canada Express Embraer 175 aircraft and Bombardier CRJ-705. It operates approximately 1, and 580 daily scheduled flights to over 190 direct destinations in approximately five continents.

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