CAE (TSE:CAE) Reaches New 1-Year High – Still a Buy?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$32.82 and last traded at C$32.73, with a volume of 411264 shares changing hands. The stock had previously closed at C$32.45.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. National Bankshares upped their price objective on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Scotiabank lifted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. TD Securities upped their price target on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price objective on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$32.35.

CAE Trading Up 0.8 %

The company has a 50 day simple moving average of C$26.57 and a 200 day simple moving average of C$25.73. The stock has a market capitalization of C$10.43 billion, a PE ratio of -30.33, a P/E/G 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.

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.