CAE (TSE:CAE) Price Target Raised to C$25.00 at Raymond James
CAE (TSE:CAE) (NYSE:CAE) had its target price lifted by research analysts at Raymond James from C$21.00 to C$25.00 in a research note issued to investors on Monday, May 28th. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective indicates a potential downside of 9.06% from the stock’s current price.
Several other research analysts also recently weighed in on the company. Royal Bank of Canada upped their target price on CAE from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Monday, May 28th. National Bank Financial increased their price objective on CAE from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday, April 11th. BMO Capital Markets increased their price objective on CAE from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Tuesday, April 3rd. AltaCorp Capital reissued a “sector perform” rating on shares of CAE in a research note on Tuesday, February 13th. Finally, Scotiabank upped their target price on CAE from C$24.00 to C$24.25 and gave the company an “outperform” rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CAE has an average rating of “Buy” and an average price target of C$27.56.
CAE traded down C$0.31, hitting C$27.49, during mid-day trading on Monday, MarketBeat.com reports. The company had a trading volume of 449,814 shares, compared to its average volume of 462,561. CAE has a 12-month low of C$19.57 and a 12-month high of C$28.15.
CAE Company Profile
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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