Cae Inc (CAE) Given New C$24.00 Price Target at Scotiabank
Cae Inc (TSE:CAE) (NYSE:CAE) had its target price hoisted by Scotiabank from C$23.00 to C$24.00 in a research report sent to investors on Monday morning. The brokerage currently has an outperform rating on the stock.
A number of other research analysts have also issued reports on the stock. Desjardins raised their price objective on shares of Cae from C$25.00 to C$27.00 in a report on Monday. Royal Bank Of Canada raised their price objective on shares of Cae from C$23.00 to C$24.00 and gave the company a sector perform rating in a report on Monday, November 6th. CIBC raised their price objective on shares of Cae from C$23.00 to C$24.00 in a report on Thursday, November 2nd. BMO Capital Markets upgraded shares of Cae from a market perform rating to an outperform rating and set a C$23.00 price objective for the company in a report on Wednesday, August 30th. Finally, TD Securities raised their price objective on shares of Cae from C$22.00 to C$23.00 and gave the company a hold rating in a report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$23.75.
Cae (CAE) traded up C$0.24 during mid-day trading on Monday, hitting C$22.37. 484,356 shares of the stock were exchanged, compared to its average volume of 517,340. Cae has a 52-week low of C$18.35 and a 52-week high of C$23.39.
In related news, insider Nick Leontidis acquired 4,000 shares of Cae stock in a transaction dated Friday, September 29th. The stock was bought at an average price of C$21.83 per share, with a total value of C$87,320.00.
Cae Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
Receive News & Ratings for Cae Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cae Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.