CAE (TSE:CAE) Reaches New 1-Year High – Here’s What Happened

CAE Inc. (TSE:CAE) (NYSE:CAE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$33.94 and last traded at C$33.87, with a volume of 45246 shares traded. The stock had previously closed at C$33.54.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank raised their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. National Bankshares lifted their target price on CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. CIBC cut shares of CAE from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 4th. TD Securities lifted their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada increased their target price on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$33.06.

CAE Trading Down 2.8 %

The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a market capitalization of C$10.44 billion, a price-to-earnings ratio of -30.63, a PEG ratio of 1.76 and a beta of 1.91. The business has a 50-day moving average of C$29.12 and a 200-day moving average of C$26.31.

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.