CAE (TSE:CAE) Given New C$49.00 Price Target at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its target price hoisted by stock analysts at Scotiabank from C$46.50 to C$49.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 31.47% from the company’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets boosted their price target on CAE from C$40.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. National Bankshares upped their price target on shares of CAE from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, TD Securities increased their price target on shares of CAE from C$44.00 to C$46.00 in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, CAE presently has an average rating of “Moderate Buy” and a consensus price target of C$42.23.

CAE Stock Performance

TSE:CAE traded down C$1.14 during mid-day trading on Thursday, hitting C$37.27. 234,965 shares of the stock were exchanged, compared to its average volume of 660,481. The firm’s 50-day simple moving average is C$38.73 and its 200 day simple moving average is C$37.91. The stock has a market capitalization of C$11.95 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11. CAE has a fifty-two week low of C$28.98 and a fifty-two week high of C$41.38. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84.

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.