CAE (TSE:CAE) (NYSE:CAE) was upgraded by research analysts at Royal Bank of Canada from a “reduce” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a C$26.00 price objective on the stock, up from their previous price objective of C$25.00. Royal Bank of Canada’s target price indicates a potential upside of 12.21% from the stock’s current price.
CAE has been the topic of several other reports. Desjardins increased their target price on CAE from C$25.00 to C$27.00 in a research report on Monday, November 13th. CIBC increased their target price on CAE from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Raymond James Financial cut their target price on CAE from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a research report on Monday, November 13th. Finally, Scotiabank increased their target price on CAE from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$24.03.
Shares of CAE (CAE) traded up C$1.23 on Monday, hitting C$23.17. The company had a trading volume of 866,957 shares, compared to its average volume of 379,435. The stock has a market cap of $5,900.00, a price-to-earnings ratio of 23.80 and a beta of 0.38. CAE has a twelve month low of C$18.77 and a twelve month high of C$23.67.
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CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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