CIBC Boosts CAE (TSE:CAE) Price Target to C$33.00

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

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group reduced their price objective on CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. BMO Capital Markets dropped their target price on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Desjardins decreased their price target on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Scotiabank boosted their price objective on CAE from C$30.00 to C$32.50 in a report on Thursday. Finally, TD Securities upped their target price on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Price Performance

Shares of CAE stock opened at C$30.67 on Thursday. CAE has a 1 year low of C$22.28 and a 1 year high of C$31.08. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The firm’s 50 day moving average is C$25.49 and its 200-day moving average is C$25.49. The firm has a market capitalization of C$9.78 billion, a price-to-earnings ratio of -28.66, a PEG ratio of 1.76 and a beta of 1.91.

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.