CAE (TSE:CAE) Price Target Raised to C$30.00

CAE (TSE:CAE) (NYSE:CAE) had its price target increased by Canaccord Genuity Group from C$28.00 to C$30.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other analysts have also recently commented on CAE. Royal Bank of Canada increased their target price on CAE from C$27.00 to C$34.00 in a report on Thursday. 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. National Bankshares upped their target price on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. TD Securities lifted their target price on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Scotiabank upped their price objective on CAE from C$30.00 to C$32.50 in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAE has an average rating of “Hold” and an average target price of C$32.35.

CAE Stock Performance

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

About CAE

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.