CAE (TSE:CAE) Lowered to “Neutral” Rating by CIBC

CIBC downgraded shares of CAE (TSE:CAE) (NYSE:CAE) from an outperform rating to a neutral rating in a report issued on Wednesday morning,BayStreet.CA reports.

CAE has been the topic of a number of other reports. TD Securities lifted their price target on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Canaccord Genuity Group increased their price target on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. National Bankshares boosted their price objective on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Finally, Royal Bank of Canada increased their target price on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$33.06.

CAE Price Performance

Shares of TSE:CAE opened at C$32.75 on Wednesday. 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 company has a 50-day moving average price of C$27.44 and a 200 day moving average price of C$25.88. CAE has a 52 week low of C$22.28 and a 52 week high of C$33.77. The company has a market cap of C$10.44 billion, a P/E ratio of -30.61, a PEG ratio of 1.76 and a beta of 1.91.

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.