CAE (CAE) Price Target Raised to C$34.00 at TD Securities

CAE (TSE:CAE) (NYSE:CAE) had its target price hoisted by TD Securities from C$31.00 to C$34.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential downside of 1.62% from the company’s current price.

CAE has been the topic of several other research reports. Raymond James reissued a “market perform” rating and set a C$27.50 price target on shares of CAE in a research report on Monday, February 11th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$30.00 to C$32.50 in a research report on Friday, April 26th. BMO Capital Markets boosted their price target on shares of CAE from C$30.00 to C$33.00 in a research report on Monday, April 29th. Finally, CIBC boosted their price target on shares of CAE from C$29.00 to C$32.00 in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$33.06.

Shares of CAE stock opened at C$34.56 on Tuesday. The company has a debt-to-equity ratio of 96.61, a quick ratio of 0.79 and a current ratio of 1.12. The stock has a market cap of $9.72 billion and a PE ratio of 28.10. CAE has a twelve month low of C$22.10 and a twelve month high of C$36.86.

About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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.

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Analyst Recommendations for CAE (TSE:CAE)

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