CAE (TSE:CAE) Price Target Lowered to C$31.00 at National Bankshares

CAE (TSE:CAE) (NYSE:CAE) had its price objective trimmed by National Bankshares from C$32.00 to C$31.00 in a research note released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently commented on CAE. CIBC reduced their price objective on shares of CAE from C$32.00 to C$29.00 and set an outperform rating for the company in a research report on Wednesday. Desjardins downgraded shares of CAE from a buy rating to a hold rating and set a C$30.00 price target for the company. in a research note on Tuesday. TD Securities cut their price objective on shares of CAE from C$36.00 to C$34.00 and set a buy rating on the stock in a research report on Thursday, February 15th. Scotiabank decreased their target price on CAE from C$31.00 to C$30.00 and set a sector perform rating for the company in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group lowered CAE from a buy rating to a hold rating and cut their price target for the stock from C$34.00 to C$30.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CAE presently has an average rating of Hold and a consensus price target of C$31.70.

CAE Stock Up 0.3 %

Shares of TSE:CAE opened at C$25.80 on Thursday. The business’s 50-day moving average is C$27.17 and its 200-day moving average is C$27.45. CAE has a 1 year low of C$23.74 and a 1 year high of C$33.87. The company has a market capitalization of C$8.21 billion, a price-to-earnings ratio of -25.29, a P/E/G ratio of 1.76 and a beta of 1.92. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71.

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.