CAE (TSE:CAE) Given New C$38.00 Price Target at Royal Bank of Canada

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by research analysts at Royal Bank of Canada from C$34.00 to C$38.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 9.20% from the stock’s previous close.

Several other equities analysts have also commented on the company. Scotiabank increased their price objective on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating and raised their target price for the stock from C$34.00 to C$35.00 in a research report on Monday, January 6th. Canaccord Genuity Group raised their target price on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. CIBC increased their price objective on shares of CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Finally, Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, CAE currently has an average rating of “Hold” and an average target price of C$35.56.

CAE Trading Up 2.8 %

Shares of CAE traded up C$0.96 during trading hours on Wednesday, reaching C$34.80. The stock had a trading volume of 241,923 shares, compared to its average volume of 546,096. The firm has a 50-day moving average of C$32.68 and a 200 day moving average of C$27.58. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The company has a market cap of C$11.09 billion, a P/E ratio of -32.52, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 52 week low of C$22.28 and a 52 week high of C$36.68.

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.