CAE (TSE:CAE) Price Target Raised to C$34.00 at Royal Bank of Canada

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by Royal Bank of Canada from C$27.00 to C$34.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group lowered their price objective on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. BMO Capital Markets decreased their price target on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. National Bankshares upped their price target on CAE from C$30.00 to C$34.00 in a report on Wednesday. Scotiabank raised their price objective on CAE from C$30.00 to C$32.50 in a research note on Thursday. Finally, Desjardins cut their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Trading Down 0.8 %

Shares of CAE stock opened at C$30.67 on Thursday. 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 stock has a 50-day simple moving average of C$25.49 and a 200 day simple moving average of C$25.49. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$31.08. The stock has a market capitalization of C$9.78 billion, a P/E ratio of -28.66, 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.