CAE (TSE:CAE) Price Target Raised to C$32.50

CAE (TSE:CAE) (NYSE:CAE) had its price objective boosted by Scotiabank from C$30.00 to C$32.50 in a report published on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group cut their target price on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. National Bankshares upped their target price on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Desjardins reduced their price target on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. TD Securities raised their price objective on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets reduced their target price on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, CAE currently has a consensus rating of “Hold” and a consensus target price of C$32.35.

CAE Stock Performance

Shares of CAE stock opened at C$30.67 on Thursday. The firm has a market capitalization of C$9.78 billion, a price-to-earnings ratio of -28.66, a PEG ratio of 1.76 and a beta of 1.91. The stock has a fifty day moving average of C$25.49 and a 200 day moving average of C$25.49. CAE has a 52 week low of C$22.28 and a 52 week high of C$31.08. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.