Cae Inc (TSE:CAE) (NYSE:CAE) had its target price boosted by stock analysts at Desjardins from C$25.00 to C$27.00 in a research note issued on Monday. Desjardins’ target price points to a potential upside of 22.01% from the company’s previous close.
Other analysts also recently issued reports about the stock. TD Securities boosted their target price on shares of Cae from C$22.00 to C$23.00 and gave the stock a “hold” rating in a report on Friday, August 11th. Raymond James Financial, Inc. dropped their price objective on shares of Cae from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a research note on Friday, August 11th. Royal Bank Of Canada boosted their target price on shares of Cae from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th. CIBC boosted their target price on shares of Cae from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Finally, BMO Capital Markets raised 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$23.75.
Shares of Cae (CAE) traded down C$0.75 during trading hours on Monday, hitting C$22.13. 1,176,562 shares of the stock were exchanged, compared to its average volume of 517,492. Cae has a 12 month low of C$18.35 and a 12 month high of C$23.39.
In related news, insider Nick Leontidis bought 4,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of C$21.83 per share, for a total transaction of C$87,320.00.
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.
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