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

CAE (TSE:CAE) (NYSE:CAE) had its price target upped by stock analysts at Royal Bank of Canada from C$34.00 to C$38.00 in a research note issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 9.73% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Desjardins raised CAE from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Canaccord Genuity Group boosted their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. CIBC boosted their price objective on shares of CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Finally, National Bankshares raised their target price on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$35.56.

CAE Stock Up 0.5 %

CAE stock opened at C$34.63 on Wednesday. CAE has a twelve month low of C$22.28 and a twelve month high of C$36.68. The stock has a market cap of C$11.04 billion, a P/E ratio of -32.36, a P/E/G ratio of 1.76 and a beta of 1.91. The company’s 50-day moving average price is C$33.02 and its two-hundred day moving average price is C$27.70. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24.

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.