CIBC Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its target price boosted by analysts at CIBC from C$33.00 to C$37.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 3.55% from the company’s current price.

A number of other analysts have also recently commented on the stock. National Bankshares boosted their target price on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Canaccord Genuity Group boosted their price objective on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. TD Securities raised their target price on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Scotiabank boosted their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Finally, BMO Capital Markets increased their price objective on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$34.94.

CAE Trading Up 1.2 %

Shares of CAE stock opened at C$35.73 on Monday. CAE has a 1-year low of C$22.28 and a 1-year high of C$35.75. The company has a market cap of C$11.39 billion, a price-to-earnings ratio of -33.39, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock has a 50 day simple moving average of C$29.67 and a 200-day simple moving average of C$26.50.

CAE Company Profile

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.