CAE (TSE:CAE) Price Target Raised to C$33.00

CAE (TSE:CAE) (NYSE:CAE) had its target price increased by CIBC from C$30.00 to C$33.00 in a research note released on Thursday morning,BayStreet.CA reports.

CAE has been the subject of several other reports. Scotiabank raised their target price on CAE from C$30.00 to C$32.50 in a research report on Thursday. Desjardins reduced their price objective on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. Royal Bank of Canada lifted their target price on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday. Canaccord Genuity Group dropped their price target on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Finally, National Bankshares lifted their price objective on CAE from C$30.00 to C$34.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$32.35.

CAE Price Performance

Shares of CAE stock opened at C$30.67 on Thursday. CAE has a 12 month low of C$22.28 and a 12 month high of C$31.08. The company has a market capitalization of C$9.78 billion, a P/E ratio of -28.66, a P/E/G ratio of 1.76 and a beta of 1.91. The stock has a 50 day moving average of C$25.49 and a two-hundred day moving average of C$25.49. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24.

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.