Royal Bank of Canada Raises Cargojet (OTCMKTS:CGJTF) Price Target to $183.00

Cargojet (OTCMKTS:CGJTF) had its target price hoisted by Royal Bank of Canada from $157.00 to $183.00 in a research report report published on Tuesday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the stock. CIBC lifted their target price on shares of Cargojet from $140.00 to $150.00 and gave the company an outperform rating in a report on Friday, May 8th. Scotiabank boosted their price objective on shares of Cargojet from $125.00 to $130.00 and gave the stock a sector perform rating in a report on Monday, May 11th. Raymond James reaffirmed a hold rating on shares of Cargojet in a research report on Friday, May 8th. Finally, Canaccord Genuity reissued a neutral rating on shares of Cargojet in a report on Friday, April 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $140.60.

CGJTF stock opened at $121.01 on Tuesday. The firm has a 50 day moving average price of $104.66 and a 200-day moving average price of $87.59. Cargojet has a 52-week low of $59.15 and a 52-week high of $122.53.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 15 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.

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