CAE (TSE:CAE - Get Free Report) NYSE: CAE was upgraded by equities research analysts at Desjardins from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a C$40.00 price target on the stock, up from their previous price target of C$32.00. Desjardins' price objective indicates a potential upside of 11.95% from the stock's previous close.
Several other analysts have also issued reports on CAE. BMO Capital Markets upped their price target on shares of CAE from C$33.00 to C$38.00 and gave the company an "outperform" rating in a research report on Monday. Canaccord Genuity Group raised their price target on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. CIBC lifted their price target on CAE from C$33.00 to C$37.00 and gave the stock a "neutral" rating in a research note on Monday. TD Securities increased their price objective on 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, Royal Bank of Canada upped their price target on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$34.94.
Read Our Latest Stock Report on CAE
CAE Price Performance
CAE stock traded up C$0.41 during mid-day trading on Tuesday, hitting C$35.73. 336,556 shares of the stock were exchanged, compared to its average volume of 654,922. The business has a fifty day moving average price of C$29.67 and a 200 day moving average price of C$26.50. CAE has a 12 month low of C$22.28 and a 12 month high of C$35.75. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock has a market capitalization of C$11.39 billion, a price-to-earnings ratio of -33.39, a PEG ratio of 1.76 and a beta of 1.91.
About CAE
(
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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.
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