CAE (TSE:CAE) Price Target Cut to C$31.00 by Analysts at National Bankshares

CAE (TSE:CAE) (NYSE:CAE) had its price target trimmed by National Bankshares from C$32.00 to C$31.00 in a research report sent to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently commented on the company. CIBC decreased their target price on CAE from C$32.00 to C$29.00 and set an outperform rating on the stock in a research report on Wednesday. Desjardins downgraded CAE from a buy rating to a hold rating and set a C$30.00 target price on the stock. in a research report on Tuesday, May 21st. Scotiabank decreased their target price on CAE from C$31.00 to C$30.00 and set a sector perform rating on the stock in a research report on Thursday, February 15th. Canaccord Genuity Group downgraded CAE from a buy rating to a hold rating and decreased their target price for the company from C$34.00 to C$30.00 in a research report on Wednesday. Finally, BMO Capital Markets reduced their price target on CAE from C$37.00 to C$34.00 and set an outperform rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of C$31.70.

CAE Price Performance

CAE stock opened at C$25.47 on Thursday. CAE has a 12 month low of C$23.74 and a 12 month high of C$33.87. The stock’s 50 day moving average is C$27.14 and its 200-day moving average is C$27.41. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89. The company has a market capitalization of C$8.11 billion, a price-to-earnings ratio of -24.97, a PEG ratio of 1.76 and a beta of 1.92.

About CAE

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.