CAE (TSE:CAE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by investment analysts at Royal Bank of Canada from C$34.00 to C$38.00 in a research report issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 9.73% from the company’s current price.

Several other analysts have also recently weighed in on CAE. National Bankshares boosted their price objective on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Scotiabank upped their price target on shares of CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. BMO Capital Markets boosted their price target on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Finally, TD Securities cut CAE from a “buy” rating to a “hold” rating and boosted their target price for the company from C$34.00 to C$35.00 in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE has an average rating of “Hold” and an average target price of C$35.56.

CAE Trading Up 0.5 %

Shares of CAE opened at C$34.63 on Wednesday. The stock has a fifty day moving average price of C$33.02 and a two-hundred day moving average price of C$27.70. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The company has a market cap of C$11.04 billion, a price-to-earnings ratio of -32.36, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 52-week low of C$22.28 and a 52-week high of C$36.68.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services.