National Bankshares Increases CAE (TSE:CAE) Price Target to C$48.00

Key Points

• National Bankshares has raised its price target for CAE from C$43.00 to C$48.00, indicating a potential upside of 20.18% from the current stock price.
• Multiple analysts have provided varied ratings for CAE, with Cibc World Mkts upgrading it to a "strong-buy," while Royal Bank of Canada downgraded it to "sector perform."
• As of Tuesday, CAE shares increased by 2.1%, reaching C$39.94, with a market capitalization of C$12.77 billion.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price target lifted by research analysts at National Bankshares from C$43.00 to C$48.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 20.18% from the stock's current price.

A number of other research analysts also recently issued reports on the company. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Royal Bank Of Canada downgraded CAE from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$41.00 to C$38.00 in a research note on Wednesday, May 21st. BMO Capital Markets boosted their target price on CAE from C$40.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. CIBC upgraded CAE from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from C$38.00 to C$44.00 in a research note on Friday, June 27th. Finally, TD Securities boosted their target price on CAE from C$39.00 to C$40.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$41.05.

CAE Stock Up 2.1%

Shares of TSE:CAE traded up C$0.83 on Tuesday, reaching C$39.94. The company had a trading volume of 289,923 shares, compared to its average volume of 684,203. CAE has a 52-week low of C$22.28 and a 52-week high of C$41.22. The firm's 50 day simple moving average is C$38.05 and its 200-day simple moving average is C$35.76. The firm has a market capitalization of C$12.77 billion, a PE ratio of -38.30, a PEG ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04.

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.

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