CAE (TSE:CAE) Price Target Raised to C$34.00

CAE (TSE:CAE) (NYSE:CAE) had its price target increased by Royal Bank of Canada from C$27.00 to C$34.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. Canaccord Genuity Group dropped their target price on CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Scotiabank increased their price objective on shares of CAE from C$30.00 to C$32.50 in a report on Thursday. National Bankshares upped their target price on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday. BMO Capital Markets dropped their price target on shares of CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Finally, TD Securities lifted their price target on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$32.35.

CAE Stock Down 0.8 %

Shares of CAE stock opened at C$30.67 on Thursday. The stock has a market capitalization of C$9.78 billion, a price-to-earnings ratio of -28.66, a PEG ratio of 1.76 and a beta of 1.91. CAE has a twelve month low of C$22.28 and a twelve month high of C$31.08. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The business’s 50 day simple moving average is C$25.49 and its 200-day simple moving average is C$25.49.

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.