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Air Canada (TSE:AC) target price raised to $22.00, reported today by TD Securities

Having a price of $8.84, Air Canada (TSE:AC) traded 0.33% higher on the day. The last stock price is down 2.10% relative to the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. AC has recorded a 50-day moving average of $9.02 and 200-day moving average of $9.04. Volume of trade was was down over the average, with 830,741 shares of AC changing hands under the typical 1,087,410 shares.

Air Canada (TSE:AC) had its price target increased to $22 by TD Securities in an issued report issued 8/3/2016. The increased target price suggests a possible upside of 1.49% based on the bussiness’ last stock close price.

Previously on 7/22/2016, Macquarie Research released a statement about Air Canada(TSE:AC) upped the target price from $9.00 to $10.00. At the time, this indicated a possible upside of 0.05%.

See Graphic Below:

Air Canada (TSE:AC)

Air Canada has a 52 week low of $6.81 and a 52 week high of $12.39 with a P/E ratio of 4 and has a market capitalization of $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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