CAE (TSE:CAE) Price Target Raised to C$38.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective upped by Royal Bank of Canada from C$34.00 to C$38.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other analysts have also commented on the stock. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating and increased their target price for the company from C$32.00 to C$40.00 in a research note on Monday, December 30th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating and raised their target price for the stock from C$34.00 to C$35.00 in a report on Monday, January 6th. BMO Capital Markets boosted their price target on shares of CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. CIBC raised their price objective on shares of CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Finally, Scotiabank lifted their price objective on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$35.56.

CAE Stock Performance

Shares of TSE CAE opened at C$34.92 on Wednesday. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The firm has a market cap of C$11.13 billion, a P/E ratio of -32.64, a PEG ratio of 1.76 and a beta of 1.91. The stock has a fifty day moving average price of C$33.19 and a two-hundred day moving average price of C$27.76. CAE has a 1 year low of C$22.28 and a 1 year high of C$36.68.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services.