CAE (TSE:CAE) Price Target Raised to C$39.00 at TD Securities

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price objective hoisted by TD Securities from C$35.00 to C$39.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' price target suggests a potential upside of 11.56% from the stock's current price.

CAE has been the subject of several other research reports. CIBC raised their price target on shares of CAE from C$37.00 to C$39.00 in a research report on Tuesday. Canaccord Genuity Group increased their price objective on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Royal Bank of Canada boosted their target price on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. National Bank Financial lowered CAE from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, CAE currently has an average rating of "Hold" and an average price target of C$36.94.

CAE Trading Down 3.2 %

TSE:CAE traded down C$1.16 on Tuesday, reaching C$34.96. 711,785 shares of the company's stock were exchanged, compared to its average volume of 674,261. The firm has a market capitalization of C$11.18 billion, a price-to-earnings ratio of -33.53, 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$39.17. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The business has a fifty day moving average of C$34.83 and a 200-day moving average of C$29.38.

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.