CAE (TSE:CAE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its price objective lifted by Royal Bank of Canada from C$27.00 to C$34.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. National Bankshares raised their price target on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. BMO Capital Markets decreased their target price on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Desjardins dropped their price target on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. TD Securities upped their price objective on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Scotiabank raised their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, CAE has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Price Performance

Shares of CAE stock opened at C$30.67 on Thursday. The stock has a 50 day moving average price of C$25.49 and a 200 day moving average price of C$25.49. The firm has a market capitalization of C$9.78 billion, a P/E ratio of -28.66, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. CAE has a 52-week low of C$22.28 and a 52-week high of C$31.08.

CAE Company Profile

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.