CAE (CAE) Shares Up 8.5%

Shares of Cae Inc (TSE:CAE) (NYSE:CAE) shot up 8.5% during trading on Friday . The stock traded as high as C$34.93 and last traded at C$34.73. 1,041,147 shares were traded during mid-day trading, an increase of 118% from the average session volume of 477,226 shares. The stock had previously closed at C$32.00.

Several research firms have commented on CAE. TD Securities boosted their target price on shares of CAE from C$30.00 to C$31.00 and gave the stock a “hold” rating in a research report on Wednesday. CIBC boosted their price objective on shares of CAE from C$29.00 to C$32.00 in a research note on Tuesday, April 23rd. BMO Capital Markets boosted their price objective on shares of CAE from C$30.00 to C$33.00 in a research note on Monday, April 29th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$30.00 to C$32.50 in a research note on Friday, April 26th. Finally, Raymond James restated a “market perform” rating and issued a C$27.50 price objective on shares of CAE in a research note on Monday, February 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$30.50.

The company has a debt-to-equity ratio of 56.88, a quick ratio of 0.76 and a current ratio of 1.10. The company has a market capitalization of $8.38 billion and a price-to-earnings ratio of 32.28.

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About CAE (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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