CAE (TSE:CAE) Price Target Raised to C$38.00 at BMO Capital Markets

CAE (TSE:CAE) (NYSE:CAE) had its price target increased by stock analysts at BMO Capital Markets from C$33.00 to C$38.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 8.51% from the company’s current price.

A number of other research analysts have also issued reports on the company. Canaccord Genuity Group boosted their price objective on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. National Bankshares upped their price target on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. CIBC lowered shares of CAE from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, Scotiabank lifted their price target on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$33.44.

CAE Stock Up 2.5 %

CAE stock traded up C$0.84 during midday trading on Monday, reaching C$35.02. The company had a trading volume of 336,272 shares, compared to its average volume of 655,340. The stock has a market cap of C$11.16 billion, a price-to-earnings ratio of -32.73, a PEG ratio of 1.76 and a beta of 1.91. The stock’s 50 day moving average price is C$29.46. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$35.28. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

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.