CAE (TSE:CAE) Price Target Raised to C$38.00

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price objective boosted by equities research analysts at Royal Bank of Canada from C$34.00 to C$38.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada's price objective points to a potential upside of 10.24% from the stock's current price.

Other analysts have also recently issued reports about the stock. National Bankshares increased their price objective on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. TD Securities downgraded CAE from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$34.00 to C$35.00 in a research report on Monday, January 6th. CIBC increased their target price on CAE from C$33.00 to C$37.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd. Finally, BMO Capital Markets boosted their price target on CAE from C$33.00 to C$38.00 and gave the stock an "outperform" rating in a report on Monday, December 23rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$35.56.

CAE Stock Performance

CAE stock traded up C$0.63 during midday trading on Wednesday, reaching C$34.47. 638,717 shares of the company's stock traded hands, compared to its average volume of 586,927. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. CAE has a 52-week low of C$22.28 and a 52-week high of C$36.68. The stock has a market cap of C$10.99 billion, a P/E ratio of -32.21, a PEG ratio of 1.76 and a beta of 1.91. The stock's 50-day moving average is C$32.85 and its 200 day moving average is C$27.64.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company's training solutions are provided through products and services.