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

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by TD Securities from C$33.00 to C$34.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

CAE has been the topic of a number of other reports. Canaccord Genuity Group reduced their price target on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Desjardins dropped their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. BMO Capital Markets decreased their price target on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. National Bankshares raised their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday. Finally, Scotiabank boosted their price objective on CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, CAE has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Down 0.8 %

Shares of CAE opened at C$30.67 on Thursday. The company’s 50-day moving average price is C$25.49 and its 200 day moving average price is C$25.49. CAE has a 12-month low of C$22.28 and a 12-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 firm has a market cap of C$9.78 billion, a P/E ratio of -28.66, a price-to-earnings-growth 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.