Brokerages Set CAE Inc. (TSE:CAE) Target Price at C$32.35

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$33.06.

A number of equities research analysts recently commented on the company. Scotiabank increased their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Canaccord Genuity Group increased their target price on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Royal Bank of Canada lifted their price target on CAE from C$27.00 to C$34.00 in a 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, CIBC raised their price objective on shares of CAE from C$30.00 to C$33.00 in a research report on Thursday, November 14th.

CAE Stock Performance

Shares of TSE:CAE opened at C$32.91 on Thursday. 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 business’s fifty day moving average price is C$27.09 and its two-hundred day moving average price is C$25.80. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$33.07. The stock has a market capitalization of C$10.49 billion, a price-to-earnings ratio of -30.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.