Insider Selling: Chorus Aviation Inc (CHR) Director Sells C$572,945.00 in Stock
Chorus Aviation Inc (TSE:CHR) Director Joseph D. Randell sold 70,300 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of C$8.15, for a total transaction of C$572,945.00.
Chorus Aviation Inc (TSE CHR) opened at 8.23 on Friday. Chorus Aviation Inc has a 52 week low of $5.92 and a 52 week high of $12.94. The firm’s 50-day moving average is $8.00 and its 200-day moving average is $7.63. The stock has a market capitalization of $1.01 billion and a P/E ratio of 10.29.
The firm also recently announced a monthly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 31st were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.48 annualized dividend and a yield of 5.83%.
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Several equities analysts have recently weighed in on the stock. National Bank Financial raised shares of Chorus Aviation from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$8.50 to C$10.00 in a research note on Wednesday. Royal Bank Of Canada raised their price target on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday, August 11th. TD Securities raised their price target on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research note on Friday, August 11th. Canaccord Genuity raised their price target on shares of Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday, August 11th. Finally, CIBC raised their price target on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Six equities research analysts have rated the stock with a buy rating, Chorus Aviation has a consensus rating of “Buy” and a consensus target price of C$9.08.
About Chorus Aviation
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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