CAE (TSE:CAE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its price target raised by Royal Bank of Canada from C$34.00 to C$38.00 in a research note published on Wednesday morning,BayStreet.CA reports.

CAE has been the subject of several other research reports. Canaccord Genuity Group raised their price objective on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Scotiabank raised their price target on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$34.00 to C$35.00 in a research report on Monday, January 6th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and increased their target price for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Finally, National Bankshares raised their target price on CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$35.56.

CAE Stock Up 1.9 %

CAE opened at C$34.47 on Wednesday. CAE has a twelve month low of C$22.28 and a twelve month high of C$36.68. The firm has a market cap of C$10.99 billion, a price-to-earnings ratio of -32.21, a PEG ratio of 1.76 and a beta of 1.91. The firm’s 50-day simple moving average is C$32.85 and its 200-day simple moving average is C$27.64. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89.

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.