Cargojet (OTCMKTS:CGJTF) was downgraded by research analysts at National Bankshares to a “hold” rating in a report issued on Thursday, TipRanks reports. They presently have a $205.00 price target on the stock. National Bankshares’ target price indicates a potential upside of 29.25% from the stock’s current price.
Several other equities analysts have also weighed in on the stock. National Bank Financial lowered shares of Cargojet from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on shares of Cargojet from C$293.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 4th. Scotiabank lifted their price objective on shares of Cargojet from C$225.00 to C$235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. BMO Capital Markets decreased their price target on shares of Cargojet from C$245.00 to C$225.00 and set an “outperform” rating for the company in a research note on Wednesday, August 4th. Finally, TD Securities boosted their price target on shares of Cargojet from C$230.00 to C$235.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cargojet has an average rating of “Buy” and a consensus target price of $232.57.
CGJTF stock traded up $4.17 during trading hours on Thursday, reaching $158.61. The stock had a trading volume of 10 shares, compared to its average volume of 2,239. The stock has a 50-day simple moving average of $156.22 and a 200 day simple moving average of $148.66. Cargojet has a fifty-two week low of $124.40 and a fifty-two week high of $186.62.
Cargojet, Inc provides air cargo transportation services. The firm provides aircrafts to customers on an adhoc charter basis operating between points in Canada, the USA and other international destinations. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe.
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