CAE Inc. (TSE:CAE) Receives C$32.31 Average Price Target from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$34.94.

A number of research analysts have recently weighed in on CAE shares. Royal Bank of Canada raised their price target on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Desjardins raised CAE from a “hold” rating to a “buy” rating and raised their price target for the stock from C$32.00 to C$40.00 in a research note on Tuesday. National Bankshares boosted their target price on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Scotiabank increased their target price on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th.

CAE Price Performance

Shares of TSE:CAE opened at C$36.52 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. CAE has a 52 week low of C$22.28 and a 52 week high of C$36.53. The company has a market cap of C$11.64 billion, a P/E ratio of -34.13, a PEG ratio of 1.76 and a beta of 1.91. The company has a 50-day moving average price of C$30.50 and a 200 day moving average price of C$26.79.

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.