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

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by BMO Capital Markets from C$33.00 to C$38.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 8.51% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. CIBC downgraded CAE from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 4th. Scotiabank upped their price target on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. National Bankshares lifted their price objective on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Securities raised their price target on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$33.44.

CAE Trading Up 2.5 %

CAE traded up C$0.84 during trading on Monday, hitting C$35.02. 336,272 shares of the company’s stock were exchanged, compared to its average volume of 655,340. CAE has a 1 year low of C$22.28 and a 1 year high of C$35.28. The stock’s 50 day moving average is C$29.46. The stock has a market capitalization of C$11.16 billion, a price-to-earnings ratio of -32.73, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24.

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.