CIBC Raises CAE (TSE:CAE) Price Target to C$39.00

CAE (TSE:CAE - Free Report) NYSE: CAE had its price objective hoisted by CIBC from C$37.00 to C$39.00 in a research note published on Tuesday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Royal Bank of Canada boosted their price target on CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. Cibc World Mkts lowered shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. National Bank Financial downgraded shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Scotiabank raised their target price on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Finally, BMO Capital Markets lifted their price target on CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CAE currently has an average rating of "Hold" and an average price target of C$36.94.

CAE Stock Performance

TSE CAE traded down C$1.16 on Tuesday, reaching C$34.96. 711,785 shares of the company's stock traded hands, compared to its average volume of 674,261. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$39.17. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The firm has a market cap of C$11.18 billion, a price-to-earnings ratio of -33.53, a P/E/G ratio of 1.76 and a beta of 1.91. The stock has a 50 day moving average price of C$34.83 and a 200-day moving average price of C$29.38.

CAE Company Profile

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.