National Bankshares Cuts CAE (TSE:CAE) Price Target to C$36.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective reduced by stock analysts at National Bankshares from C$38.00 to C$36.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 25.48% from the company’s previous close.

Several other equities research analysts have also commented on the company. CIBC upped their price objective on CAE from C$37.00 to C$38.00 in a research report on Thursday, August 10th. Royal Bank of Canada lowered their price objective on CAE from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Wednesday. Scotiabank lowered their price objective on CAE from C$38.00 to C$36.50 and set an “outperform” rating on the stock in a research report on Wednesday. TD Securities decreased their target price on CAE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group raised CAE from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$36.00 to C$35.00 in a research note on Wednesday, October 25th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, CAE has an average rating of “Buy” and a consensus target price of C$36.15.

CAE Price Performance

Shares of TSE CAE opened at C$28.69 on Wednesday. The business’s 50 day moving average price is C$30.74 and its 200 day moving average price is C$30.14. The firm has a market cap of C$9.13 billion, a P/E ratio of 32.24, a P/E/G ratio of 1.76 and a beta of 1.97. CAE has a 52 week low of C$25.44 and a 52 week high of C$33.87. The company has a quick ratio of 0.71, a current ratio of 1.03 and a debt-to-equity ratio of 72.45.

About CAE

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.