CAE (CAE) PT Raised to C$29.00 at CIBC

CAE (TSE:CAE) (NYSE:CAE) had its target price upped by equities research analysts at CIBC from C$27.00 to C$29.00 in a research note issued on Monday. CIBC’s target price would indicate a potential upside of 9.35% from the stock’s current price.

A number of other brokerages have also issued reports on CAE. BMO Capital Markets reissued an “outperform” rating and issued a C$29.00 price objective on shares of CAE in a report on Thursday, August 2nd. Raymond James lowered their target price on shares of CAE from C$25.00 to C$24.50 and set a “market perform” rating for the company in a research note on Wednesday, August 15th. National Bank Financial lowered their target price on shares of CAE from C$30.00 to C$29.00 in a research note on Friday, November 9th. Finally, TD Securities increased their target price on shares of CAE from C$26.00 to C$28.00 and gave the stock a “hold” rating in a research note on Monday, November 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$28.29.

Shares of CAE traded down C$0.12 during mid-day trading on Monday, reaching C$26.52. The stock had a trading volume of 255,220 shares, compared to its average volume of 517,760. The company has a debt-to-equity ratio of 56.93, a current ratio of 1.35 and a quick ratio of 0.95. CAE has a 52-week low of C$21.12 and a 52-week high of C$28.15.

About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Analyst Recommendations for CAE (TSE:CAE)

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