CAE (CAE) PT Raised to C$27.00

CAE (TSE:CAE) (NYSE:CAE) had its target price upped by investment analysts at CIBC from C$24.00 to C$27.00 in a note issued to investors on Monday. CIBC’s price objective points to a potential upside of 1.12% from the company’s current price.

Other research analysts also recently issued research reports about the company. National Bank Financial increased their price target on CAE from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank increased their price target on CAE from C$24.25 to C$28.50 and gave the company an “outperform” rating in a research note on Monday. Raymond James increased their price target on CAE from C$21.00 to C$25.00 and gave the company a “market perform” rating in a research note on Monday. Royal Bank of Canada increased their price target on CAE from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research note on Monday. Finally, TD Securities increased their price target on CAE from C$23.00 to C$26.00 and gave the company a “hold” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CAE currently has a consensus rating of “Buy” and an average target price of C$27.56.

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Shares of CAE traded up C$0.13, reaching C$26.70, during trading hours on Monday, MarketBeat reports. The company had a trading volume of 245,609 shares, compared to its average volume of 450,048. CAE has a 1-year low of C$19.57 and a 1-year high of C$27.10.

In other CAE news, insider Gennaro Colabatistto acquired 11,220 shares of the company’s stock in a transaction that occurred on Tuesday, March 27th. The shares were acquired at an average price of C$18.19 per share, with a total value of C$204,091.80. Also, insider Mark Hounsell sold 1,700 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of C$23.65, for a total value of C$40,205.00.

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.