Shares of Cargojet (OTCMKTS:CGJTF) shot up 0.8% during mid-day trading on Thursday . The company traded as high as $77.11 and last traded at $77.02, 2,255 shares were traded during trading. An increase of 149% from the average session volume of 905 shares. The stock had previously closed at $76.39.
A number of brokerages have issued reports on CGJTF. Laurentian Bank of Canada downgraded Cargojet to a “hold” rating in a research report on Monday, August 26th. Echelon Wealth Partners restated a “buy” rating on shares of Cargojet in a research report on Friday, August 23rd. Scotiabank started coverage on Cargojet in a research report on Tuesday, October 15th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Cargojet in a report on Monday, August 26th.
The firm has a fifty day moving average price of $71.23 and a two-hundred day moving average price of $67.02.
About Cargojet (OTCMKTS:CGJTF)
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.
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