CAE (TSE:CAE) Downgraded by Canaccord Genuity Group

Canaccord Genuity Group lowered shares of CAE (TSE:CAE) (NYSE:CAE) from a buy rating to a hold rating in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has C$30.00 price target on the stock, down from their previous price target of C$34.00.

Other equities research analysts also recently issued research reports about the company. Desjardins downgraded CAE from a buy rating to a hold rating and set a C$30.00 price objective for the company. in a report on Tuesday, May 21st. CIBC cut their price objective on CAE from C$32.00 to C$29.00 and set an outperform rating for the company in a report on Wednesday. National Bankshares cut their price objective on CAE from C$34.00 to C$32.00 and set an outperform rating for the company in a report on Tuesday, April 16th. TD Securities cut their price target on CAE from C$36.00 to C$34.00 and set a buy rating for the company in a report on Thursday, February 15th. Finally, BMO Capital Markets cut their price target on CAE from C$37.00 to C$34.00 and set an outperform rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of C$31.70.

CAE Trading Down 1.3 %

TSE CAE opened at C$25.47 on Wednesday. The company has a market cap of C$8.11 billion, a PE ratio of -24.97, a PEG ratio of 1.76 and a beta of 1.92. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89. CAE has a 12 month low of C$23.74 and a 12 month high of C$33.87. The stock has a 50 day moving average of C$27.14 and a 200-day moving average of C$27.41.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.