CAE (TSE:CAE) Reaches New 52-Week High – Still a Buy?

CAE Inc. (TSE:CAE) (NYSE:CAE) shares reached a new 52-week high on Tuesday . The company traded as high as C$31.52 and last traded at C$31.38, with a volume of 776009 shares traded. The stock had previously closed at C$31.19.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Scotiabank boosted their target price on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Royal Bank of Canada lifted their price target on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. CIBC boosted their price objective on CAE from C$30.00 to C$33.00 in a report on Thursday, November 14th. Canaccord Genuity Group upped their target price on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Finally, National Bankshares increased their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$32.35.

CAE Trading Up 0.6 %

The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The stock has a market capitalization of C$10.00 billion, a PE ratio of -29.39, a PEG ratio of 1.76 and a beta of 1.91. The business’s 50-day moving average is C$25.63 and its two-hundred day moving average is C$25.53.

About CAE

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.