CAE (TSE:CAE) Given New C$37.00 Price Target at CIBC

CAE (TSE:CAEGet Free Report) (NYSE:CAE) had its price objective lifted by CIBC from C$33.00 to C$37.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 5.65% from the company’s current price.

Several other brokerages have also issued reports on CAE. BMO Capital Markets increased their target price on shares of CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Monday. Canaccord Genuity Group raised their target price on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Scotiabank increased their price target on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Finally, TD Securities boosted their price objective on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$33.44.

Read Our Latest Report on CAE

CAE Stock Performance

Shares of CAE stock traded up C$0.84 on Monday, reaching C$35.02. 336,272 shares of the company’s stock were exchanged, compared to its average volume of 655,340. The firm has a market cap of C$11.16 billion, a P/E ratio of -32.73, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 52 week low of C$22.28 and a 52 week high of C$35.28. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The business has a 50-day moving average price of C$29.46.

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.

Read More

Analyst Recommendations for CAE (TSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.