Royal Bank of Canada Boosts Chorus Aviation (TSE:CHR) Price Target to C$27.00

Chorus Aviation (TSE:CHR) had its target price lifted by equities research analysts at Royal Bank of Canada from C$25.00 to C$27.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 38.96% from the company’s current price.

Several other research firms have also recently weighed in on CHR. CIBC boosted their price target on Chorus Aviation from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities raised Chorus Aviation from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$25.00 to C$27.00 in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.88.

Chorus Aviation Price Performance

Shares of CHR opened at C$19.43 on Thursday. Chorus Aviation has a twelve month low of C$14.63 and a twelve month high of C$24.08. The company has a market capitalization of C$527.73 million, a P/E ratio of -32.08, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The firm has a 50 day moving average of C$19.42 and a 200 day moving average of C$10.66. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79.

Insider Activity at Chorus Aviation

In other Chorus Aviation news, Senior Officer Colin Copp acquired 4,980 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of C$20.12 per share, with a total value of C$100,197.60. 13.83% of the stock is owned by company insiders.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.