CAE (TSE:CAE) Price Target Raised to C$34.00

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by Royal Bank of Canada from C$27.00 to C$34.00 in a research report report published on Thursday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the company. TD Securities upped their target price on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity Group reduced their price target on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Scotiabank raised their target price on shares of CAE from C$30.00 to C$32.50 in a report on Thursday. Desjardins reduced their price objective on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Finally, National Bankshares boosted their price objective on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Performance

CAE opened at C$30.67 on Thursday. The company has a market cap 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 52-week low of C$22.28 and a 52-week high of C$31.08. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The firm’s 50-day moving average price is C$25.49 and its 200-day moving average price is C$25.49.

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.