CAE (TSE:CAE) Price Target Raised to C$39.00 at CIBC

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by equities research analysts at CIBC from C$37.00 to C$39.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 3.28% from the company’s current price.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group upped their price target on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Scotiabank upped their price target on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating and upped their price target for the stock from C$34.00 to C$35.00 in a research note on Monday, January 6th. Royal Bank of Canada upped their price target on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$36.94.

CAE Stock Performance

Shares of TSE:CAE traded down C$0.23 during mid-day trading on Tuesday, reaching C$37.76. 651,303 shares of the company traded hands, compared to its average volume of 629,844. The company’s 50 day moving average price is C$34.61 and its 200-day moving average price is C$29.16. The firm has a market cap of C$12.07 billion, a PE ratio of -36.21, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. CAE has a 52 week low of C$22.28 and a 52 week high of C$39.17.

CAE Company Profile

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.