Q: Hi 5I,
The target price increase for Air Canada around$26 from other analyst, it is such a big jump and the current price around $18 now. Morning stars given 4 stars now. Do you consider a big buy now around $18?
What is your target price.
Regards
The target price increase for Air Canada around$26 from other analyst, it is such a big jump and the current price around $18 now. Morning stars given 4 stars now. Do you consider a big buy now around $18?
What is your target price.
Regards
5i Research Answer:
Analyst target prices indicate roughly 40% upside from current prices but of course, there is no gurantee that target prices are attained. We are not huge fans of airlines in general as investments, and they do have some sensitivity to oil/fuel prices if they remain elevated. We would not be opposed to AC at these levels but also not a name that ranks too high on our list.