CAE (TSE:CAE) Price Target Raised to C$37.00 at CIBC

CAE (TSE:CAE) (NYSE:CAE) had its target price hoisted by CIBC from C$33.00 to C$37.00 in a research report sent to investors on Monday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on CAE. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group increased their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. BMO Capital Markets lifted their price target on shares of CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Monday. TD Securities upped their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada lifted their target price on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$34.94.

CAE Stock Up 1.2 %

Shares of TSE CAE opened at C$35.73 on Monday. The business has a 50-day moving average of C$29.88 and a two-hundred day moving average of C$26.57. The company has a market capitalization of C$11.39 billion, a price-to-earnings ratio of -33.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a 1 year low of C$22.28 and a 1 year high of C$35.75. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

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.