Scotiabank Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price target hoisted by Scotiabank from C$42.00 to C$46.50 in a research note published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. National Bankshares upped their price target on CAE from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. BMO Capital Markets upped their price target on CAE from C$40.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Canaccord Genuity Group dropped their price target on CAE from C$40.00 to C$38.50 and set a “hold” rating on the stock in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada lowered CAE from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$41.00 to C$38.00 in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CAE presently has an average rating of “Moderate Buy” and a consensus target price of C$41.82.

CAE Price Performance

CAE stock opened at C$37.93 on Thursday. 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 has a 52-week low of C$23.50 and a 52-week high of C$41.22. The stock’s 50 day moving average is C$38.80 and its two-hundred day moving average is C$36.05. The company has a market capitalization of C$12.13 billion, a PE ratio of -36.37, a P/E/G ratio of 1.76 and a beta of 1.91.

About CAE

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.