CAE (TSE:CAE) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its price target upped by BMO Capital Markets from C$38.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 2.66% from the company’s previous close.

Several other research firms have also recently commented on CAE. Royal Bank of Canada upped their price target on CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. Canaccord Genuity Group upped their price objective on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. National Bankshares lowered CAE from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$34.00 to C$38.00 in a research note on Thursday, January 30th. Scotiabank increased their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$36.19.

CAE Price Performance

TSE CAE opened at C$37.99 on Friday. The stock has a 50-day simple moving average of C$34.51 and a 200 day simple moving average of C$29.06. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The stock has a market capitalization of C$12.15 billion, a PE ratio of -36.43, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a twelve month low of C$22.28 and a twelve month high of C$39.17.

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.