Cargojet (OTCMKTS:CGJTF) Given New C$180.00 Price Target at Scotiabank

Cargojet (OTCMKTS:CGJTF – Get Rating) had its price target cut by Scotiabank from C$185.00 to C$180.00 in a research report released on Tuesday, The Fly reports.

Other equities analysts also recently issued reports about the company. BMO Capital Markets reduced their price target on Cargojet from C$150.00 to C$140.00 in a research report on Thursday, January 19th. Royal Bank of Canada reduced their price target on Cargojet from C$274.00 to C$272.00 in a research report on Tuesday, November 1st. Canaccord Genuity Group reduced their price target on Cargojet from C$210.00 to C$195.00 in a research report on Wednesday, September 28th. Finally, CIBC upped their price target on Cargojet from C$203.00 to C$207.00 in a research report on Wednesday, December 14th.

Cargojet Stock Up 1.8 %

Shares of CGJTF stock opened at $90.99 on Tuesday. The business’s fifty day simple moving average is $92.78 and its 200-day simple moving average is $98.23. Cargojet has a 12-month low of $79.14 and a 12-month high of $153.20.

About Cargojet

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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.