Analysts Set CAE Inc. (TSE:CAE) Price Target at C$32.31

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$34.94.

Several equities research analysts have weighed in on the company. TD Securities upped their target price on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating and upped their price target for the stock from C$32.00 to C$40.00 in a research report on Tuesday, December 24th. Canaccord Genuity Group increased their price objective on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. BMO Capital Markets upped their target price on CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. Finally, National Bankshares boosted their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th.

CAE Stock Performance

CAE stock opened at C$36.52 on Monday. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$36.53. The company has a market capitalization of C$11.64 billion, a P/E ratio of -34.13, a PEG ratio of 1.76 and a beta of 1.91. The company’s 50 day moving average is C$30.50. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24.

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.