CAE (TSE:CAE) Upgraded at Desjardins

Desjardins upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a buy rating in a research note issued to investors on Monday,BayStreet.CA reports. Desjardins currently has C$40.00 price target on the stock, up from their prior price target of C$32.00.

Several other research analysts have also commented on CAE. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Scotiabank boosted their target price on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. TD Securities increased their price target on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Finally, BMO Capital Markets increased their target price on shares of CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Price Performance

TSE:CAE opened at C$36.50 on Monday. The business’s 50-day moving average is C$31.10 and its 200 day moving average is C$27.03. CAE has a 12 month low of C$22.28 and a 12 month high of C$36.68. The company has a market capitalization of C$11.63 billion, a P/E ratio of -34.11, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24.

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.