Royal Bank of Canada Lowers Chorus Aviation (TSE:CHR) Price Target to C$25.00

Chorus Aviation (TSE:CHR) had its price objective lowered by investment analysts at Royal Bank of Canada from C$28.00 to C$25.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 34.41% from the stock’s previous close.

CHR has been the topic of several other reports. TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and increased their price objective for the company from C$25.00 to C$27.00 in a research report on Friday, February 21st. CIBC increased their price target on shares of Chorus Aviation from C$26.00 to C$28.00 in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$12.25.

Chorus Aviation Stock Performance

TSE CHR opened at C$18.60 on Wednesday. Chorus Aviation has a 52-week low of C$14.14 and a 52-week high of C$24.08. The company has a fifty day moving average of C$19.71 and a 200-day moving average of C$8.90. The company has a market capitalization of C$505.18 million, a P/E ratio of -30.71, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13.

Insider Buying and Selling at Chorus Aviation

In other Chorus Aviation news, Senior Officer Colin Copp bought 4,980 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of C$20.12 per share, for a total transaction of C$100,197.60. Corporate insiders own 13.83% of the company’s stock.

About Chorus Aviation

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.