CAE (TSE:CAE) Rating Lowered to Hold at Canaccord Genuity Group

CAE (TSE:CAEGet Free Report) (NYSE:CAE) was downgraded by Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They presently have a C$30.00 price objective on the stock, down from their prior price objective of C$34.00. Canaccord Genuity Group’s price target points to a potential upside of 16.28% from the stock’s current price.

Several other research firms have also recently issued reports on CAE. BMO Capital Markets decreased their price objective on shares of CAE from C$37.00 to C$34.00 and set an “outperform” rating for the company in a research report on Wednesday. CIBC dropped their price objective on CAE from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Securities cut their target price on CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. National Bankshares lowered their price target on CAE from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Scotiabank cut their price objective on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$31.70.

View Our Latest Report on CAE

CAE Stock Up 0.3 %

Shares of CAE stock opened at C$25.80 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 67.89. CAE has a 52-week low of C$23.74 and a 52-week high of C$33.87. The company has a market capitalization of C$8.21 billion, a P/E ratio of -25.29, a P/E/G ratio of 1.76 and a beta of 1.92. The company has a 50 day moving average of C$27.17 and a 200 day moving average of C$27.45.

About CAE

(Get Free Report)

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.

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