CAE (TSE:CAE) PT Raised to C$30.00 at CIBC

CAE (TSE:CAEGet Free Report) (NYSE:CAE) had its price target hoisted by investment analysts at CIBC from C$29.00 to C$30.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 18.20% from the stock’s previous close.

A number of other analysts also recently weighed in on CAE. Scotiabank reduced their target price on CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a report on Thursday, February 15th. Royal Bank of Canada reduced their price objective on shares of CAE from C$34.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Wednesday. Desjardins dropped their target price on shares of CAE from C$30.00 to C$29.00 and set a “hold” rating for the company in a research report on Wednesday. National Bankshares reduced their price target on shares of CAE from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. Finally, Canaccord Genuity Group downgraded shares of CAE from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$34.00 to C$30.00 in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$31.40.

Read Our Latest Report on CAE

CAE Stock Up 0.1 %

CAE stock opened at C$25.38 on Wednesday. The business’s fifty day moving average price is C$26.99 and its two-hundred day moving average price is C$27.31. The stock has a market capitalization of C$8.08 billion, a price-to-earnings ratio of -24.88, a PEG ratio of 1.76 and a beta of 1.92. CAE has a fifty-two week low of C$23.74 and a fifty-two week high of C$33.87. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71.

About CAE

(Get Free Report)

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.

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