Royal Bank of Canada Cuts Chorus Aviation (TSE:CHR) Price Target to C$4.00

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Chorus Aviation (TSE:CHR) had its price target decreased by Royal Bank of Canada from C$4.50 to C$4.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts have also recently commented on the stock. Scotiabank upgraded shares of Chorus Aviation from an underperform rating to a sector perform rating in a research note on Tuesday, May 19th. National Bank Financial cut their price target on shares of Chorus Aviation from C$4.15 to C$3.25 and set a sector perform rating for the company in a report on Monday, May 18th.

CHR stock opened at C$2.56 on Monday. Chorus Aviation has a one year low of C$1.80 and a one year high of C$8.45. The stock has a market capitalization of $374.36 million and a PE ratio of 5.69. The company has a debt-to-equity ratio of 342.13, a quick ratio of 0.78 and a current ratio of 1.03. The company has a fifty day moving average of C$2.56 and a 200-day moving average of C$3.78.

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 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

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