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

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$32.35.

A number of equities analysts have recently commented on CAE shares. Royal Bank of Canada lifted their price target on shares of CAE from C$27.00 to C$34.00 in a research 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 report on Wednesday, November 13th. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. CIBC raised their price target on CAE from C$30.00 to C$33.00 in a research report on Thursday, November 14th. Finally, TD Securities lifted their price objective on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

CAE Stock Up 0.8 %

Shares of CAE stock opened at C$32.71 on Thursday. The stock’s 50 day simple moving average is C$26.74 and its 200 day simple moving average is C$25.76. CAE has a twelve month low of C$22.28 and a twelve month high of C$32.82. 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 company has a market capitalization of C$10.43 billion, a price-to-earnings ratio of -30.57, a PEG 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.