Chorus Aviation (TSE:CHR) Given New C$28.00 Price Target at CIBC

Chorus Aviation (TSE:CHR) had its price target increased by research analysts at CIBC from C$26.00 to C$28.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 44.26% from the company’s previous close.

A number of other brokerages have also weighed in on CHR. BMO Capital Markets boosted their price target on Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th. TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$25.00 to C$27.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$8.75.

Chorus Aviation Stock Up 0.8 %

Shares of CHR stock traded up C$0.15 during trading hours on Friday, reaching C$19.41. 17,002 shares of the company’s stock were exchanged, compared to its average volume of 55,982. Chorus Aviation has a 1 year low of C$13.93 and a 1 year high of C$24.08. The stock has a market cap of C$527.18 million, a PE ratio of -32.04, a PEG ratio of 0.65 and a beta of 2.14. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The stock’s fifty day moving average price is C$5.91 and its two-hundred day moving average price is C$3.95.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions. It operates through Regional Aviation Services and Regional Aircraft Leasing segments. The Regional Aviation Services segment provides contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.