Cargojet (OTCMKTS:CGJTF) Given New C$197.00 Price Target at Scotiabank

Cargojet (OTCMKTS:CGJTF – Get Rating) had its price target cut by Scotiabank from C$215.00 to C$197.00 in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Cargojet from C$311.00 to C$302.00 in a research report on Wednesday, March 30th. National Bank Financial lifted their price objective on Cargojet from C$201.00 to C$203.00 in a research report on Wednesday, February 16th. Canaccord Genuity Group upped their target price on Cargojet from C$240.00 to C$250.00 and gave the stock a buy rating in a research report on Wednesday, March 30th. Finally, TD Securities lifted their price target on Cargojet from C$210.00 to C$225.00 in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $226.00.

OTCMKTS CGJTF opened at $121.33 on Tuesday. The company has a 50 day simple moving average of $130.93 and a 200-day simple moving average of $136.54. Cargojet has a 52-week low of $112.98 and a 52-week high of $180.00.

About Cargojet (Get Rating)

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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