WestJet Airlines Ltd. (TSE:WJA)’s share price was down 4.3% during mid-day trading on Wednesday after TD Securities lowered their price target on the stock from C$31.00 to C$30.00. TD Securities currently has a hold rating on the stock. WestJet Airlines traded as low as C$24.84 and last traded at C$25.79. Approximately 876,101 shares changed hands during trading, an increase of 126% from the average daily volume of 387,476 shares. The stock had previously closed at C$26.96.
WJA has been the subject of a number of other reports. Macquarie downgraded WestJet Airlines from a “neutral” rating to an “underperform” rating and cut their target price for the stock from C$25.00 to C$24.00 in a research note on Monday, July 17th. CIBC increased their target price on WestJet Airlines from C$27.00 to C$29.50 in a research note on Friday, October 13th. AltaCorp Capital downgraded WestJet Airlines from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 2nd. Canaccord Genuity increased their target price on WestJet Airlines from C$27.50 to C$28.00 in a research note on Thursday, October 12th. Finally, National Bank Financial raised WestJet Airlines from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$21.50 to C$27.00 in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$26.58.
In other WestJet Airlines news, insider Marshall Wilmot sold 3,368 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of C$25.33, for a total transaction of C$85,311.44. Also, insider Gregg Albert Saretsky sold 14,687 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total value of C$381,715.13. Insiders sold a total of 18,355 shares of company stock valued at $474,818 over the last ninety days.
WestJet Airlines Company Profile
WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States.
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