Royal Bank of Canada Cuts CAE (TSE:CAE) Price Target to C$41.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective decreased by Royal Bank of Canada from C$43.00 to C$41.00 in a research report released on Wednesday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. National Bankshares cut CAE from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$34.00 to C$38.00 in a research note on Thursday, January 30th. CIBC boosted their target price on CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th. BMO Capital Markets increased their price target on shares of CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. TD Securities lifted their target price on CAE from C$35.00 to C$39.00 and gave the company a “hold” rating in a research note on Tuesday, February 18th. Finally, National Bank Financial lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$37.95.

CAE Price Performance

Shares of CAE opened at C$32.45 on Wednesday. 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 fifty-two week low of C$22.28 and a fifty-two week high of C$39.17. The company has a market cap of C$10.38 billion, a P/E ratio of -31.12, a PEG ratio of 1.76 and a beta of 1.91. The firm’s 50 day moving average price is C$34.40 and its 200 day moving average price is C$32.39.

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.