Chorus Aviation (TSE:CHR) Given New C$28.00 Price Target at CIBC

Chorus Aviation (TSE:CHR) had its price objective raised by investment analysts at CIBC from C$26.00 to C$28.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 44.26% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets increased their price objective on shares of Chorus Aviation from C$3.00 to C$3.75 in a report on Friday, November 29th. TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$25.00 to C$27.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$8.75.

Chorus Aviation Stock Performance

TSE CHR traded up C$0.15 on Friday, reaching C$19.41. 17,002 shares of the stock were exchanged, compared to its average volume of 55,982. Chorus Aviation has a one year low of C$13.93 and a one year high of C$24.08. The firm has a market capitalization of C$527.18 million, a PE ratio of -32.04, a PEG ratio of 0.65 and a beta of 2.14. The company’s 50-day simple moving average is C$5.91 and its two-hundred day simple moving average is C$3.95. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions. It operates through Regional Aviation Services and Regional Aircraft Leasing segments. The Regional Aviation Services segment provides contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.