CIBC Increases Chorus Aviation (CHR) Price Target to C$11.00

Chorus Aviation (TSE:CHR) had its target price boosted by research analysts at CIBC from C$10.50 to C$11.00 in a report issued on Thursday. CIBC’s price objective indicates a potential upside of 14.94% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Scotiabank boosted their price objective on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$9.96.

Chorus Aviation (TSE CHR) traded down C$0.03 during midday trading on Thursday, hitting C$9.57. 272,012 shares of the company’s stock were exchanged, compared to its average volume of 226,117. The company has a market capitalization of $1,200.00, a PE ratio of 7.60 and a beta of 0.71. Chorus Aviation has a 12-month low of C$6.95 and a 12-month high of C$9.80.

In related news, Director Gary James Osborne sold 10,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of C$9.80, for a total value of C$98,000.00. Also, insider Jolene Mahody sold 6,100 shares of the business’s stock in a transaction on Thursday, November 23rd. The stock was sold at an average price of C$9.78, for a total transaction of C$59,658.00. In the last three months, insiders sold 160,846 shares of company stock worth $1,573,711.

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Chorus Aviation Company Profile

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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