CAE (TSE:CAE) Sets New 12-Month High After Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price hit a new 52-week high on Monday after CIBC raised their price target on the stock from C$33.00 to C$37.00. CIBC currently has a neutral rating on the stock. CAE traded as high as C$35.28 and last traded at C$35.21, with a volume of 316079 shares trading hands. The stock had previously closed at C$34.18.

A number of other equities research analysts also recently weighed in on CAE. National Bankshares boosted their price target on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. BMO Capital Markets boosted their target price on shares of CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday. Canaccord Genuity Group raised their price target on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Scotiabank boosted their price objective on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Finally, TD Securities increased their price objective on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$33.44.

CAE Trading Up 3.3 %

The stock has a market capitalization of C$11.26 billion, a P/E ratio of -33.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The business has a 50 day simple moving average of C$29.67 and a 200-day simple moving average of C$26.50. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89.

About CAE

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.