Cargojet (TSE:CJT) had its price target raised by stock analysts at CIBC from C$70.00 to C$90.00 in a note issued to investors on Wednesday, October 17th. CIBC’s price objective suggests a potential upside of 12.85% from the company’s current price.
A number of other research analysts also recently issued reports on the company. National Bank Financial increased their price objective on Cargojet from C$65.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 14th. Royal Bank of Canada raised their price target on Cargojet from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research note on Tuesday, August 14th.
Shares of TSE CJT traded down C$0.34 during mid-day trading on Wednesday, reaching C$79.75. 24,600 shares of the company’s stock were exchanged, compared to its average volume of 21,533. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 288.09. Cargojet has a twelve month low of C$52.50 and a twelve month high of C$87.71.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; 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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