Shares of Cae Inc (TSE:CAE) (NYSE:CAE) have been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$23.75.

A number of brokerages have issued reports on CAE. Raymond James Financial decreased their price target on CAE from C$22.00 to C$21.00 and set a “market perform” rating for the company in a report on Monday, November 13th. Scotiabank lifted their price target on CAE from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Desjardins lifted their price target on CAE from C$25.00 to C$27.00 in a report on Monday, November 13th. Royal Bank of Canada lifted their price target on CAE from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Monday, November 6th. Finally, CIBC boosted their target price on CAE from C$23.00 to C$24.00 in a report on Thursday, November 2nd.

In other news, insider Nick Leontidis bought 4,000 shares of CAE stock in a transaction dated 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.

Shares of CAE (CAE) opened at C$22.29 on Friday. CAE has a fifty-two week low of C$18.35 and a fifty-two week high of C$23.39.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 29th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, December 14th. CAE’s payout ratio is currently 33.67%.

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About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

Analyst Recommendations for CAE (TSE:CAE)

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