Royal Bank of Canada Lowers Chorus Aviation (TSE:CHR) Price Target to C$9.00
Chorus Aviation (TSE:CHR) had its price objective decreased by investment analysts at Royal Bank of Canada from C$9.50 to C$9.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 23.46% from the company’s previous close.
A number of other research firms also recently weighed in on CHR. CIBC reduced their target price on shares of Chorus Aviation from C$9.50 to C$9.00 in a report on Thursday, July 18th. TD Securities cut their price target on shares of Chorus Aviation from C$9.50 to C$9.00 and set a “buy” rating on the stock in a report on Friday, May 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Chorus Aviation presently has a consensus rating of “Buy” and an average price target of C$9.04.
Shares of Chorus Aviation stock traded down C$0.39 during trading hours on Wednesday, reaching C$7.29. The company’s stock had a trading volume of 1,189,217 shares, compared to its average volume of 366,806. The business’s 50 day simple moving average is C$7.86. Chorus Aviation has a one year low of C$4.54 and a one year high of C$8.10. The company has a debt-to-equity ratio of 255.76, a quick ratio of 0.44 and a current ratio of 0.65. The stock has a market cap of $1.20 billion and a PE ratio of 11.03.
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 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.
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