Scotiabank Raises CAE (TSE:CAE) Price Target to C$46.50

Key Points

• Scotiabank has raised the price target for CAE (TSE:CAE) from C$42.00 to C$46.50, indicating a potential upside of 20.03% from the company’s previous close.
• Other analysts, including National Bank Financial and BMO Capital Markets, have also upgraded their ratings and price targets for CAE, with a consensus price target now at C$41.82.
• CAE's shares rose by 0.8% during mid-day trading, reaching C$38.74, with a market capitalization of C$12.39 billion.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price objective boosted by equities research analysts at Scotiabank from C$42.00 to C$46.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price objective indicates a potential upside of 20.03% from the company's previous close.

CAE has been the topic of several other reports. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. National Bankshares lifted their price target on CAE from C$43.00 to C$48.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. BMO Capital Markets lifted their price target on CAE from C$40.00 to C$50.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Royal Bank Of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$41.00 to C$38.00 in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$41.82.

CAE Trading Up 0.8%

Shares of CAE traded up C$0.31 during mid-day trading on Thursday, hitting C$38.74. 363,040 shares of the company's stock traded hands, compared to its average volume of 692,202. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. CAE has a 1 year low of C$23.50 and a 1 year high of C$41.22. The firm has a market capitalization of C$12.39 billion, a P/E ratio of -37.15, a PEG ratio of 1.76 and a beta of 1.91. The business's 50-day moving average price is C$38.72 and its 200-day moving average price is C$36.00.

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.

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