BMO Capital Markets Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by investment analysts at BMO Capital Markets from C$33.00 to C$38.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 6.35% from the company’s current price.

Several other brokerages also recently issued reports on CAE. Royal Bank of Canada lifted their price objective on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. National Bankshares boosted their price target on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. 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. Canaccord Genuity Group boosted their target price on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Finally, Scotiabank upped their target price on shares of CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Trading Up 1.2 %

Shares of CAE stock opened at C$35.73 on Monday. CAE has a 1-year low of C$22.28 and a 1-year 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 business’s fifty day moving average price is C$29.67 and its 200 day moving average price is C$26.50. The firm has a market capitalization of C$11.39 billion, a PE ratio of -33.39, a P/E/G ratio of 1.76 and a beta of 1.91.

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.