CIBC Increases CAE (TSE:CAE) Price Target to C$37.00

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

Several other equities research analysts have also recently weighed in on CAE. Royal Bank of Canada upped their target price on CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Scotiabank upped their price objective on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Canaccord Genuity Group raised their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. TD Securities upped their price target on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, National Bankshares lifted their price objective on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and an average price target of C$34.94.

CAE Stock Up 1.2 %

Shares of CAE opened at C$35.73 on Monday. The firm has a market capitalization of C$11.39 billion, a P/E ratio of -33.39, a P/E/G ratio of 1.76 and a beta of 1.91. 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 has a 12-month low of C$22.28 and a 12-month high of C$35.75. The firm has a fifty day moving average price of C$29.67 and a 200-day moving average price 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.