Shares of Cargojet Inc. (OTCMKTS:CGJTF – Get Rating) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $203.57.
A number of equities analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Cargojet from an “outperform” rating to a “market perform” rating and set a $165.00 target price on the stock. in a research report on Thursday, June 16th. Royal Bank of Canada cut their price target on shares of Cargojet from C$302.00 to C$287.00 in a research note on Thursday, July 28th. National Bank Financial cut their target price on shares of Cargojet from C$185.00 to C$158.00 in a research note on Friday, July 15th. Scotiabank lifted their price objective on shares of Cargojet from C$190.00 to C$200.00 in a research note on Thursday, July 28th. Finally, TD Securities raised their target price on shares of Cargojet from C$195.00 to C$200.00 in a report on Thursday, July 28th.
Cargojet Stock Performance
OTCMKTS:CGJTF opened at $103.68 on Friday. The firm’s 50-day moving average is $109.45 and its 200-day moving average is $116.92. Cargojet has a 52-week low of $94.05 and a 52-week high of $180.00.
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; 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.
- Get a free copy of the StockNews.com research report on Cargojet (CGJTF)
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