Cargojet (OTCMKTS:CGJTF) Given New C$231.00 Price Target at Royal Bank of Canada

Cargojet (OTCMKTS:CGJTF – Get Rating) had its price objective trimmed by Royal Bank of Canada from C$247.00 to C$231.00 in a research note released on Tuesday morning, The Fly reports.

Several other equities research analysts have also issued reports on CGJTF. CIBC upped their price target on Cargojet from C$203.00 to C$207.00 in a research report on Wednesday, December 14th. National Bank Financial dropped their price target on Cargojet from C$158.00 to C$147.00 in a research report on Tuesday, January 24th. Scotiabank dropped their price target on Cargojet from C$185.00 to C$180.00 in a research report on Tuesday, January 24th. Finally, BMO Capital Markets dropped their price target on Cargojet from C$150.00 to C$140.00 in a research report on Thursday, January 19th.

Cargojet Price Performance

CGJTF stock opened at $77.40 on Tuesday. Cargojet has a 12-month low of $77.38 and a 12-month high of $153.20. The stock’s 50 day simple moving average is $91.31 and its 200 day simple moving average is $94.20.

Cargojet Company Profile

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Cargojet, Inc provides air cargo transportation services. The firm provides aircrafts to customers on an adhoc charter basis operating between points in Canada, the USA and other international destinations. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe.