CAE (TSE:CAE) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$32.51 and traded as high as C$34.34. CAE shares last traded at C$33.87, with a volume of 473,575 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets increased their price target on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and increased their target price for the company from C$32.00 to C$40.00 in a report on Monday, December 30th. CIBC raised their price target on shares of CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Canaccord Genuity Group upped their price objective on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Finally, Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$35.56.

CAE Trading Up 1.9 %

The stock’s 50 day simple moving average is C$32.85 and its two-hundred day simple moving average is C$27.64. The stock has a market capitalization of C$10.99 billion, a PE ratio of -32.21, a PEG ratio of 1.76 and a beta of 1.91. 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 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.