CIBC Boosts Cargojet (TSE:CJT) Price Target to C$105.00

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Cargojet (TSE:CJT) had its price objective raised by CIBC from C$90.00 to C$105.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Separately, National Bank Financial raised shares of Slate Office REIT from a sector perform under weight rating to an outperfrom under weight rating in a report on Tuesday, May 7th.

Shares of TSE:CJT opened at C$93.05 on Thursday. The company has a 50-day simple moving average of C$85.80. Cargojet has a one year low of C$63.71 and a one year high of C$95.24. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 410.27. The stock has a market capitalization of $1.25 billion and a PE ratio of 79.60.

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 14 cities in Canada; 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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