WestJet Airlines (OTCMKTS:WJAFF) Shares Cross Below 50-Day Moving Average of $23.29

WestJet Airlines Ltd. (OTCMKTS:WJAFF) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.29 and traded as low as $23.18. WestJet Airlines shares last traded at $23.18, with a volume of 0 shares trading hands.

A number of analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on WestJet Airlines to $31.00 and gave the company a “positive” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. cut WestJet Airlines from a “neutral” rating to an “underweight” rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $31.00.

The company has a fifty day moving average of $23.30 and a two-hundred day moving average of $18.92.

WestJet Airlines Company Profile (OTCMKTS:WJAFF)

WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages; WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and Swoop, an ultra-low-cost carrier for air transportation.

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