In a latest note to investors, a research analyst has provided a rating update for the WestJet Airlines Ltd (WJA – Research Report). Analyst Walter Spracklin from RBC Capital remains neutral on the stock and has a C$31 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.9% and a 74.0% success rate. Spracklin covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.
WestJet Airlines Ltd has an analyst consensus of Hold, with a price target consensus of C$27.17, a -9.5% downside from current levels. In a report issued on May 9, Raymond James also maintained a Hold rating on the stock with a C$20 price target.
The company has a one-year high of C$30.24 and a one-year low of C$16.71. Currently, WestJet Airlines Ltd has an average volume of 558.5K.
WestJet Airlines Ltd. engages in the provision of passenger air transportation services. It offers scheduled flights, vacation packages, travel insurance, and cargo handling. WestJet Airlines was founded by Clive J. Beddoe, Mark Hill, Thomas W. Morgan, and Donald James Bell in 1996 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$30.01, close to its 52-week high of C$30.24.