CAE Inc. (TSE:CAE) Receives C$32.35 Consensus Price Target from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$33.06.

A number of brokerages recently commented on CAE. CIBC upped their price target on shares of CAE from C$30.00 to C$33.00 in a research note on Thursday, November 14th. TD Securities increased their target price on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their price target on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Scotiabank increased their price objective on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Finally, Royal Bank of Canada raised their target price on CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th.

CAE Price Performance

TSE CAE opened at C$32.91 on Thursday. The company has a market cap of C$10.49 billion, a PE ratio of -30.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The firm’s 50-day simple moving average is C$27.09 and its two-hundred day simple moving average is C$25.80. CAE has a 52 week low of C$22.28 and a 52 week high of C$33.07.

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.