The Services sector company, Transat A.T. V & VV (TRZ), has received a rating update from a Wall Street analyst yesterday. CIBC’s analyst Kevin Chiang reiterates their Sell rating on the shares, with a C$6 price target.
According to TipRanks.com, Chiang is a 5-star analyst with an average return of 9.9% and a 59.7% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Canadian Pacific.
Read also: Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Transat A.T. V & VV with a C$6 average price target.
Transat A.T. V & VV’s market cap is currently C$182.1M and has a P/E ratio of 53.5. The company has a Price to Book ratio of 0.30.
Transat A.T., Inc. develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats. The company offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands. It operates through Holiday Travel segment.
The company’s shares closed on Friday at C$5.03, close to its 52-week low of C$4.52.
