CAE (CAE) Reaches New 12-Month High at $31.94

Cae Inc (TSE:CAE) (NYSE:CAE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$31.94 and last traded at C$31.83, with a volume of 351031 shares traded. The stock had previously closed at C$31.61.

A number of equities research analysts have recently commented on the stock. TD Securities raised their price objective on shares of CAE from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Thursday, February 21st. Raymond James reaffirmed a “market perform” rating and set a C$27.50 price objective on shares of CAE in a research note on Monday, February 11th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$30.00 to C$32.50 in a research note on Friday, April 26th. BMO Capital Markets raised their price objective on shares of CAE from C$30.00 to C$33.00 in a research note on Monday, April 29th. Finally, CIBC raised their price objective on shares of CAE from C$29.00 to C$32.00 in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$30.36.

The company has a market cap of $8.38 billion and a PE ratio of 29.40. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 56.88.

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CAE Company Profile (TSE:CAE)

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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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