Canaccord Genuity Believes Air Canada Vote & VV (AC) Still Has Room to Grow


Air Canada Vote & VV (AC), the Services sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Canaccord Genuity’s analyst Doug Taylor, with a C$45 price target.

Taylor has an average return of 60.2% when recommending Air Canada Vote & VV.

According to TipRanks.com, Taylor is ranked #1802 out of 5233 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Air Canada Vote & VV with a C$44.14 average price target, a 29.8% upside from current levels. In a report issued on February 19, CIBC also reiterated a Buy rating on the stock with a C$46 price target.

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The company has a one-year high of C$35.50 and a one-year low of C$20.33. Currently, Air Canada Vote & VV has an average volume of 1.25M.

Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia. The company was founded on April 11, 1936 and is headquartered in Saint-Laurent, Canada.

The company’s shares closed on Friday at C$34, close to its 52-week high of C$35.50.

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