CAE (TSE:CAE) Upgraded at Desjardins

Desjardins upgraded shares of CAE (TSE:CAE - Free Report) NYSE: CAE from a hold rating to a buy rating in a research note released on Monday,BayStreet.CA reports. The brokerage currently has C$40.00 price objective on the stock, up from their prior price objective of C$32.00.

A number of other research firms have also recently commented on CAE. National Bankshares lifted their target price on CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Canaccord Genuity Group lifted their price objective on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Royal Bank of Canada increased their target price on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. BMO Capital Markets lifted their price target on shares of CAE from C$33.00 to C$38.00 and gave the stock an "outperform" rating in a report on Monday, December 23rd. Finally, 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 report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$34.94.

CAE Stock Down 0.4 %

CAE stock traded down C$0.13 during trading on Monday, reaching C$36.39. The stock had a trading volume of 915,389 shares, compared to its average volume of 657,092. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The company has a market capitalization of C$11.60 billion, a price-to-earnings ratio of -34.01, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a one year low of C$22.28 and a one year high of C$36.68. The company's 50 day moving average is C$30.70 and its two-hundred day moving average is C$26.88.

CAE Company Profile

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.