CAE (TSE:CAE) Price Target Raised to C$46.50

CAE (TSE:CAE) (NYSE:CAE) had its price objective upped by Scotiabank from C$42.00 to C$46.50 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also weighed in on CAE. TD Securities lifted their price objective on CAE from C$39.00 to C$40.00 and gave the company a “hold” rating in a research note on Thursday, May 22nd. Canaccord Genuity Group reduced their price target on CAE from C$40.00 to C$38.50 and set a “hold” rating on the stock in a research report on Thursday, May 22nd. Royal Bank Of Canada lowered CAE from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$41.00 to C$38.00 in a research report on Wednesday, May 21st. BMO Capital Markets boosted their price target on CAE from C$40.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, CIBC raised CAE from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$38.00 to C$44.00 in a research report on Friday, June 27th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$41.82.

CAE Stock Performance

TSE CAE opened at C$37.93 on Thursday. The firm has a market capitalization of C$12.13 billion, a P/E ratio of -36.37, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 1-year low of C$23.50 and a 1-year high of C$41.22. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The business’s 50-day simple moving average is C$38.80 and its 200-day simple moving average is C$36.05.

CAE Company Profile

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.