CAE Inc. (TSE:CAE) Given Average Recommendation of “Hold” by Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$32.31.

Several research firms recently issued reports on CAE. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada boosted their price target on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Scotiabank upped their price objective on shares of CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. National Bankshares lifted their target price on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group increased their price target on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th.

CAE Stock Performance

Shares of TSE CAE opened at C$34.18 on Monday. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The business has a fifty day moving average of C$29.46. The stock has a market cap of C$10.89 billion, a price-to-earnings ratio of -31.94, a PEG 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$34.49.

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.