Royal Bank Of Canada Raises Chorus Aviation Inc (TSE:CHR) Price Target to C$8.50

Chorus Aviation Inc (TSE:CHR) had its price target boosted by equities researchers at Royal Bank Of Canada from C$8.00 to C$8.50 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.12% from the stock’s current price.

Several other research firms have also weighed in on CHR. CIBC increased their price objective 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. Scotiabank increased their price objective 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 Monday, May 15th. National Bank Financial increased their price objective on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Friday. TD Securities increased their price objective 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. Finally, Canaccord Genuity increased their price objective on shares of Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$8.83.

Chorus Aviation (TSE CHR) opened at 8.01 on Friday. The stock has a market cap of $990.49 million and a price-to-earnings ratio of 10.01. Chorus Aviation has a 12-month low of $5.75 and a 12-month high of $12.94. The company’s 50 day moving average price is $8.16 and its 200-day moving average price is $7.56.

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In related news, insider Steven Linthwaite sold 300,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of C$7.27, for a total transaction of C$2,181,000.00. Also, Director Nowlan Kal Dayne Rebin sold 25,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of C$7.35, for a total transaction of C$183,750.00. In the last quarter, insiders have sold 683,466 shares of company stock worth $5,018,312.

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.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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