CIBC Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price objective boosted by CIBC from C$33.00 to C$37.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on CAE. Canaccord Genuity Group lifted their price objective on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada increased their price objective on CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. TD Securities boosted their target price on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, National Bankshares upped their target price on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$33.44.

CAE Stock Performance

TSE:CAE opened at C$35.32 on Monday. CAE has a twelve month low of C$22.28 and a twelve month high of C$35.35. The company has a market capitalization of C$11.26 billion, a P/E ratio of -33.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The firm has a 50-day moving average price of C$29.67 and a two-hundred day moving average price of C$26.50.

CAE Company Profile

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.