CIBC Raises CAE (TSE:CAE) Price Target to C$33.00

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by CIBC from C$30.00 to C$33.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. Desjardins cut their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Canaccord Genuity Group dropped their target price on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Royal Bank of Canada boosted their price target on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday. Scotiabank lifted their target price on CAE from C$30.00 to C$32.50 in a research report on Thursday. Finally, National Bankshares lifted their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$32.35.

CAE Stock Performance

TSE:CAE opened at C$30.67 on Thursday. CAE has a 12 month low of C$22.28 and a 12 month high of C$31.08. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The firm has a market capitalization of C$9.78 billion, a PE ratio of -28.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The business’s fifty day moving average price is C$25.49 and its 200 day moving average price is C$25.49.

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.