CAE (TSE:CAE) Price Target Lowered to C$41.00 at Royal Bank of Canada

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its target price dropped by stock analysts at Royal Bank of Canada from C$43.00 to C$41.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective suggests a potential upside of 27.77% from the company's previous close.

Several other equities analysts also recently issued reports on the stock. National Bankshares downgraded shares of CAE from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$34.00 to C$38.00 in a report on Thursday, January 30th. Desjardins upgraded CAE from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$32.00 to C$40.00 in a research report on Monday, December 30th. National Bank Financial downgraded CAE from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Morgan Stanley lowered their price target on CAE from C$37.00 to C$36.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Finally, CIBC increased their target price on shares of CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$37.95.

CAE Stock Performance

CAE traded down C$0.36 on Wednesday, hitting C$32.09. 272,349 shares of the company's stock were exchanged, compared to its average volume of 725,749. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The stock has a fifty day moving average of C$34.40 and a two-hundred day moving average of C$32.39. CAE has a twelve month low of C$22.28 and a twelve month high of C$39.17. The firm has a market cap of C$10.26 billion, a PE ratio of -30.77, a P/E/G ratio of 1.76 and a beta of 1.91.

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.