CIBC Trims CAE (TSE:CAE) Target Price to C$29.00

CAE (TSE:CAE) (NYSE:CAE) had its price target reduced by CIBC from C$32.00 to C$29.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group lowered their target price 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. Desjardins downgraded CAE from a buy rating to a hold rating and set a C$30.00 price objective for the company. in a research report on Tuesday. TD Securities lowered their target price on CAE from C$36.00 to C$34.00 and set a buy rating on the stock in a research report on Thursday, February 15th. Scotiabank lowered their price target on CAE from C$31.00 to C$30.00 and set a sector perform rating on the stock in a report on Thursday, February 15th. Finally, National Bankshares reduced their price objective on shares of CAE from C$34.00 to C$32.00 and set an outperform rating for the company in a report on Tuesday, April 16th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of C$31.70.

CAE Stock Performance

Shares of CAE stock opened at C$25.47 on Wednesday. The company has a debt-to-equity ratio of 67.89, a quick ratio of 0.71 and a current ratio of 0.90. The firm has a market cap of C$8.11 billion, a PE ratio of -24.97, a price-to-earnings-growth ratio of 1.76 and a beta of 1.92. CAE has a 1 year low of C$23.74 and a 1 year high of C$33.87. The firm’s 50-day simple moving average is C$27.17 and its 200-day simple moving average is C$27.45.

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.