Cae Inc (CAE) Stock Rating Lowered by Royal Bank Of Canada
Cae Inc (TSE:CAE) was downgraded by Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Friday. They currently have a C$20.00 price objective on the stock, up from their prior price objective of C$19.00. Royal Bank Of Canada’s price objective indicates a potential upside of 4.44% from the company’s previous close.
Other analysts have also recently issued reports about the company. National Bank Financial upped their target price on Cae from C$18.50 to C$19.50 in a report on Thursday, August 11th. CIBC upped their target price on Cae from C$18.50 to C$19.00 in a report on Thursday, August 11th. TD Securities restated a “buy” rating and issued a C$19.00 target price on shares of Cae in a report on Tuesday, August 9th. Desjardins upped their target price on Cae from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, BMO Capital Markets upped their target price on Cae from C$17.00 to C$18.00 and gave the company a “market perform” rating in a report on Thursday, August 11th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Cae currently has an average rating of “Hold” and a consensus price target of C$19.27.
Cae (TSE:CAE) opened at 19.15 on Friday. The stock’s 50 day moving average price is $18.87 and its 200 day moving average price is $17.41. Cae has a 52 week low of $13.04 and a 52 week high of $19.81. The stock has a market cap of $5.15 billion and a price-to-earnings ratio of 22.16.
Cae Company Profile
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