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

CAE (TSE:CAEFree Report) (NYSE:CAE) had its price objective decreased by National Bankshares from C$32.00 to C$31.00 in a report published on Thursday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

CAE has been the subject of a number of other research reports. Desjardins cut CAE from a buy rating to a hold rating and set a C$30.00 price target for the company. in a research report on Tuesday, May 21st. BMO Capital Markets dropped their price objective on CAE from C$37.00 to C$34.00 and set an outperform rating for the company in a research report on Wednesday. CIBC dropped their price objective on CAE from C$32.00 to C$29.00 and set an outperform rating for the company in a research report on Wednesday. Scotiabank dropped their price objective 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, TD Securities dropped their price objective on CAE from C$36.00 to C$34.00 and set a buy rating for the company in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of C$31.70.

Read Our Latest Stock Analysis on CAE

CAE Trading Down 1.3 %

Shares of CAE stock opened at C$25.47 on Thursday. CAE has a fifty-two week low of C$23.74 and a fifty-two week high of C$33.87. The stock has a market cap of C$8.11 billion, a P/E ratio of -24.97, a P/E/G ratio of 1.76 and a beta of 1.92. The business has a fifty day simple moving average of C$27.14 and a 200-day simple moving average of C$27.41. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 67.89.

About CAE

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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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