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Cargojet (TSE:CJT) target price raised to $60.00, reported today by RBC Capital Markets

Cargojet (TSE:CJT) had its target price raised to $60.00 by RBC Capital Markets in a report released Tuesday November 14, 2017. The new target price indicates a possible upside of 0.11% based on the company's last stock close price.

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

Yesterday Cargojet (TSE:CJT) traded -0.40% lower at $54.02. The company’s 50-day moving average is $48.40 and its 200-day moving average is $46.77. The last stock close price is up 6.91% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,833 shares of the stock were exchanged, down from an average trading volume of 26,327

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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 RBC Capital Markets reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $40.69 with 0 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages 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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