TD Securities Raises CAE (TSE:CAE) Price Target to C$46.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective upped by equities research analysts at TD Securities from C$44.00 to C$46.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 23.42% from the stock’s current price.

Several other analysts have also issued reports on the stock. National Bankshares upped their price target on shares of CAE from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. BMO Capital Markets upped their price objective on CAE from C$40.00 to C$50.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Scotiabank raised their price target on shares of CAE from C$42.00 to C$46.50 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.23.

CAE Trading Down 3.0%

Shares of TSE:CAE traded down C$1.14 during trading on Thursday, reaching C$37.27. The stock had a trading volume of 234,965 shares, compared to its average volume of 660,481. The business has a fifty day moving average price of C$38.73 and a 200-day moving average price of C$37.91. CAE has a fifty-two week low of C$28.98 and a fifty-two week high of C$41.38. The stock has a market cap of C$11.95 billion, a P/E ratio of 28.67, a PEG ratio of 1.76 and a beta of 1.11. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services.