Chorus Aviation (CHR) Price Target Cut to C$10.00 by Analysts at Royal Bank of Canada

Chorus Aviation (TSE:CHR) had its target price decreased by investment analysts at Royal Bank of Canada from C$11.00 to C$10.00 in a report released on Thursday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 50.60% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. TD Securities decreased their price target on shares of Chorus Aviation from C$9.50 to C$9.00 and set a “buy” rating on the stock in a report on Thursday. National Bank Financial decreased their price target on shares of Chorus Aviation from C$10.00 to C$8.50 and set an “outperform” rating on the stock in a report on Thursday. Canaccord Genuity decreased their price target on shares of Chorus Aviation from C$10.00 to C$8.50 in a report on Thursday. Cormark set a C$11.00 price target on shares of Chorus Aviation in a report on Friday, August 10th. Finally, CIBC decreased their price target on shares of Chorus Aviation from C$11.00 to C$10.50 in a report on Wednesday, October 17th.

Shares of CHR opened at C$6.64 on Thursday. Chorus Aviation has a fifty-two week low of C$6.29 and a fifty-two week high of C$9.86. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 334.21.

In other Chorus Aviation news, insider Scott Tapson sold 21,204 shares of Chorus Aviation stock in a transaction on Friday, August 24th. The shares were sold at an average price of C$7.70, for a total value of C$163,270.80.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 700 departures per weekday to 59 destinations in Canada, as well as 15 destinations in the United States.

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