CAE (TSE:CAE) Stock Price Expected to Rise, TD Securities Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by TD Securities from C$33.00 to C$34.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. National Bankshares lifted their target price on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. BMO Capital Markets cut their price objective on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Canaccord Genuity Group reduced their price target on shares of CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. Finally, Scotiabank lifted their price objective on CAE from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$32.35.

CAE Trading Down 0.8 %

CAE stock opened at C$30.67 on Thursday. The company has a 50 day moving average price of C$25.49 and a 200 day moving average price of C$25.49. The firm has a market capitalization of C$9.78 billion, a price-to-earnings ratio of -28.66, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 52 week low of C$22.28 and a 52 week high of C$31.08. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89.

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.