CAE Inc. (TSE:CAE) Receives C$39.68 Consensus Price Target from Analysts

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE have been given a consensus rating of "Moderate Buy" by the twelve analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$39.68.

A number of brokerages have weighed in on CAE. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. TD Securities lifted their price target on shares of CAE from C$39.00 to C$40.00 and gave the company a "hold" rating in a report on Thursday, May 22nd. Canaccord Genuity Group cut their target price on shares of CAE from C$40.00 to C$38.50 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of CAE from C$39.00 to C$40.00 in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada downgraded shares of CAE from an "outperform" rating to a "sector perform" rating and cut their target price for the company from C$41.00 to C$38.00 in a research note on Wednesday, May 21st.

CAE Trading Down 1.4%

TSE CAE traded down C$0.57 during mid-day trading on Friday, reaching C$39.42. 572,762 shares of the stock were exchanged, compared to its average volume of 694,622. CAE has a 1-year low of C$22.28 and a 1-year high of C$41.22. The business's fifty day simple moving average is C$36.78 and its 200 day simple moving average is C$35.27. The stock has a market capitalization of C$12.60 billion, a PE ratio of -37.80, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84.

About CAE

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.