Royal Bank Of Canada Increases Cae Inc (CAE) Price Target to C$24.00
Cae Inc (TSE:CAE) (NYSE:CAE) had its target price lifted by stock analysts at Royal Bank Of Canada from C$23.00 to C$24.00 in a research note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 4.67% from the company’s previous close.
Several other analysts have also weighed in on CAE. Raymond James Financial, Inc. decreased their target price on shares of Cae from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a research report on Friday, August 11th. TD Securities boosted their price target on shares of Cae from C$22.00 to C$23.00 and gave the company a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets upgraded shares of Cae from a “market perform” rating to an “outperform” rating and set a C$23.00 price target on the stock in a research report on Wednesday, August 30th. Finally, CIBC boosted their price target on shares of Cae from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$23.50.
Shares of Cae (TSE CAE) opened at C$22.93 on Monday. Cae has a 12-month low of C$18.35 and a 12-month high of C$23.39.
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In other Cae news, insider Nick Leontidis purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average cost of C$21.83 per share, with a total value of C$87,320.00.
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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