CAE (TSE:CAE) PT Lowered to C$29.00

CAE (TSE:CAEFree Report) (NYSE:CAE) had its price objective decreased by CIBC from C$32.00 to C$29.00 in a research note released on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. National Bankshares reduced their target price on CAE from C$34.00 to C$32.00 and set an outperform rating on the stock in a report on Tuesday, April 16th. TD Securities reduced their target price on CAE from C$36.00 to C$34.00 and set a buy rating on the stock in a report on Thursday, February 15th. Canaccord Genuity Group reduced their target price on CAE from C$36.00 to C$34.00 and set a buy rating on the stock in a report on Thursday, February 15th. Scotiabank reduced their target price on CAE from C$31.00 to C$30.00 and set a sector perform rating on the stock in a report on Thursday, February 15th. Finally, Desjardins cut CAE from a buy rating to a hold rating and set a C$30.00 target price on the stock. in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of C$31.70.

View Our Latest Stock Analysis on CAE

CAE Price Performance

CAE stock opened at C$25.47 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 67.89. CAE has a 12-month low of C$23.74 and a 12-month high of C$33.87. The stock has a market cap of C$8.11 billion, a price-to-earnings ratio of -24.97, a P/E/G ratio of 1.76 and a beta of 1.92. The business’s 50-day simple moving average is C$27.14 and its 200 day simple moving average is C$27.41.

CAE Company Profile

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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.

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Analyst Recommendations for CAE (TSE:CAE)

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