CAE (CAE) Raised to Outperform at Royal Bank of Canada
CAE (TSE:CAE) (NYSE:CAE) was upgraded by research analysts at Royal Bank of Canada from a “reduce” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a C$26.00 price target on the stock, up from their previous price target of C$25.00. Royal Bank of Canada’s target price indicates a potential upside of 11.44% from the company’s previous close.
A number of other research firms have also recently weighed in on CAE. Scotiabank increased 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 increased their price target on CAE from C$25.00 to C$27.00 in a report on Monday, November 13th. CIBC increased their price target on CAE from C$23.00 to C$24.00 in a report on Thursday, November 2nd. Finally, Raymond James Financial lowered 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$24.03.
CAE (TSE CAE) opened at C$23.33 on Monday. The firm has a market capitalization of $6,280.00, a price-to-earnings ratio of 19.94 and a beta of 0.38. CAE has a twelve month low of C$18.90 and a twelve month high of C$23.67.
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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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