Scotiabank Boosts Air Canada Price Target

Scotiabank analyst boosted Air Canada’s (TSX: AC) price target from $25 to $26 on June 2, 2020.

Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia. The company was founded on April 11, 1936 and is headquartered in Saint-Laurent, Canada.

  • 8 Wall Street analysts have issued ratings and price targets for Air Canada in the last 12 months.
  • Average twelve-month price target is C$30.45, suggesting that the stock has a possible upside of 82.47%.
  • The high price target for AC is C$46.00
  • The low price target for AC is C$19.00.
  • There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”
DateBrokerageActionRatingPrice Target
6/2/2020ScotiabankBoost Price TargetC$25.00 ➝ C$26.00
5/6/2020CormarkDowngradeBuy ➝ Market PerformC$28.00 ➝ C$20.00
5/5/2020National Bank FinancialLower Price TargetSector PerformC$22.00 ➝ C$20.00
5/5/2020Raymond JamesReiterated RatingMarket Perform
5/5/2020AltaCorp CapitalLower Price TargetC$50.00 ➝ C$46.00
5/5/2020CowenBoost Price TargetC$17.00 ➝ C$19.00
5/5/2020Royal Bank of CanadaLower Price TargetOutperformC$28.00 ➝ C$25.00
4/9/2020JPMorgan Chase & Co.Lower Price TargetC$43.00 ➝ C$34.00
4/8/2020CIBCLower Price TargetC$37.00 ➝ C$29.00
3/17/2020TD SecuritiesLower Price TargetBuyC$45.00 ➝ C$31.00

Today30 Days Ago90 Days Ago
Consensus Rating:BuyBuyBuy
Consensus Rating Score:2.502.572.78
Ratings Breakdown:0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target:C$30.45C$37.80C$53.33
Price Target Upside:82.47% upside108.61% upside19.31% upside

Source: MarketBeat

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