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Cargojet (TSE:CJT) target price raised to $55.00, issued a report today by National Bank Financial

Cargojet (TSE:CJT) had its target bumped up to $55.00 by National Bank Financial in an issued report issued 11/14/2017. The upped price target implies a potential upside of 0.02% from the company's most recent stock price close.

Previously on 08/17/2017, National Bank Financial reported on Cargojet (TSE:CJT) increased the target price from $51.00 to $53.00. At the time, this indicated a possible upside of 0.06%.

Just yesterday Cargojet (TSE:CJT) traded -0.40% lower at $54.02. Cargojet’s 50-day moving average is $48.40 and its 200-day moving average is $46.77. The last closing price is up 6.91% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 1,833 shares of CJT traded hands, down from an average trading volume of 26,327

Recent Performance Chart

Cargojet (TSE:CJT)

Cargojet has 52 week low of $38.61 and a 52 week high of $52.56 with a PE ratio of 462.96 and has a market capitalization of $0.

In addition to National Bank Financial reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $40.69 with 0 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Cargojet (TSE:CJT)

Cargojet Inc. is a provider of time sensitive overnight air cargo services. The Company's cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations. Within its overnight network, the Company also provides domestic air cargo services for a range of international airlines between points in Canada that connect such airlines' gateways to Canada. The Company's freighter aircraft fleet includes B767-200, B757-200, B757-200 and Challenger 601, among others.

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