WestJet Airlines (TSE:WJA) had its target price reduced by BMO Capital Markets from C$20.00 to C$19.00 in a report released on Wednesday. BMO Capital Markets’ target price indicates a potential downside of 1.76% from the stock’s previous close.
Several other analysts have also recently commented on the stock. TD Securities raised their price objective on shares of WestJet Airlines from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Wednesday. CIBC reduced their price objective on shares of WestJet Airlines from C$17.00 to C$16.00 in a research note on Wednesday, October 17th. Cormark raised their price objective on shares of WestJet Airlines from C$22.00 to C$28.00 in a research note on Tuesday, October 2nd. Royal Bank of Canada raised their price objective on shares of WestJet Airlines from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 1st. Finally, National Bank Financial cut shares of WestJet Airlines from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from C$19.00 to C$17.00 in a research note on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$20.25.
Shares of TSE WJA traded up C$0.22 during midday trading on Wednesday, hitting C$19.34. The company had a trading volume of 415,479 shares, compared to its average volume of 423,184. WestJet Airlines has a twelve month low of C$16.82 and a twelve month high of C$27.85.
In other WestJet Airlines news, Director Christopher Michael Burley bought 20,000 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was bought at an average price of C$17.30 per share, for a total transaction of C$346,000.00. Also, insider Barbara Elaine Munroe sold 6,500 shares of WestJet Airlines stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of C$17.30, for a total transaction of C$112,450.00.
WestJet Airlines Company Profile
WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages, as well as WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States.
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