CAE (TSE:CAE) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$38.57 and traded as high as C$38.71. CAE shares last traded at C$38.37, with a volume of 257,296 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAE. National Bankshares increased their price target on shares of CAE from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Scotiabank increased their price target on shares of CAE from C$42.00 to C$46.50 and gave the stock an “outperform” rating in a report on Thursday, August 14th. BMO Capital Markets raised their target price on shares of CAE from C$40.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, TD Securities raised shares of CAE from a “hold” rating to a “buy” rating and raised their target price for the company from C$40.00 to C$44.00 in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$41.82.

CAE Price Performance

The stock has a market capitalization of C$12.30 billion, a PE ratio of 29.52, a P/E/G ratio of 1.76 and a beta of 1.11. The firm’s 50 day simple moving average is C$38.57 and its 200 day simple moving average is C$37.72. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services.