Analysts Set CAE Inc. (TSE:CAE) Price Target at C$37.83

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$37.83.

Several brokerages have recently weighed in on CAE. National Bankshares downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$34.00 to C$38.00 in a research note on Thursday, January 30th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and raised their target price for the company from C$32.00 to C$40.00 in a research note on Monday, December 30th. CIBC lifted their target price on CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Royal Bank of Canada raised their price objective on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Finally, BMO Capital Markets lifted their price objective on CAE from C$38.00 to C$39.00 in a report on Friday, February 14th.

CAE Stock Up 2.5 %

TSE CAE opened at C$34.95 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$39.17. The business has a 50 day moving average price of C$34.87 and a two-hundred day moving average price of C$30.68. The stock has a market cap of C$11.17 billion, a PE ratio of -33.52, a P/E/G ratio of 1.76 and a beta of 1.91.

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.