Canaccord Genuity Group Increases CAE (TSE:CAE) Price Target to C$30.00

CAE (TSE:CAE) (NYSE:CAE) had its target price increased by Canaccord Genuity Group from C$28.00 to C$30.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

CAE has been the topic of a number of other research reports. Desjardins decreased their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. BMO Capital Markets cut their price objective on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. CIBC increased their target price on CAE from C$30.00 to C$33.00 in a research report on Thursday. Royal Bank of Canada lifted their price target on CAE from C$27.00 to C$34.00 in a research note on Thursday. Finally, TD Securities upped 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. One equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$32.35.

CAE Trading Down 0.8 %

CAE opened at C$30.67 on Thursday. The company has a market cap of C$9.78 billion, a P/E ratio of -28.66, a PEG ratio of 1.76 and a beta of 1.91. 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 company’s 50 day moving average is C$25.49 and its 200-day moving average is C$25.49. CAE has a 1-year low of C$22.28 and a 1-year high of C$31.08.

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.