Analysts Set CAE Inc. (TSE:CAE) Target Price at C$32.31

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$34.94.

Several equities research analysts have issued reports on the company. Scotiabank lifted their price target on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Royal Bank of Canada upped their target price on CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$32.00 to C$40.00 in a research note on Tuesday. TD Securities upped their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

CAE Stock Performance

TSE CAE opened at C$35.73 on Monday. CAE has a 52-week low of C$22.28 and a 52-week high of C$35.75. The company has a fifty day moving average of C$29.88 and a 200-day moving average of C$26.57. The company has a market capitalization of C$11.39 billion, a P/E ratio of -33.39, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89.

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.