CAE Inc. (TSE:CAE) Receives C$32.31 Average PT from Analysts

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$34.94.

CAE has been the subject of several research reports. National Bankshares lifted their price target on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. BMO Capital Markets upped their price objective on shares of CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. Canaccord Genuity Group increased their price target on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$32.00 to C$40.00 in a report on Tuesday. Finally, Scotiabank upped their price objective on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th.

CAE Price Performance

Shares of CAE opened at C$36.52 on Monday. The firm has a market cap of C$11.64 billion, a price-to-earnings ratio of -34.13, a PEG ratio of 1.76 and a beta of 1.91. The stock has a 50 day moving average of C$30.50 and a 200-day moving average of C$26.79. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. CAE has a 52 week low of C$22.28 and a 52 week high of C$36.53.

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.