Cae Inc (CAE) Sets New 1-Year High at $22.86

Cae Inc (TSE:CAE) (NYSE:CAE) shares reached a new 52-week high on Tuesday . The stock traded as high as C$22.86 and last traded at C$22.81, with a volume of 173,257 shares. The stock had previously closed at C$22.50.

CAE has been the topic of several research reports. TD Securities upped their price objective 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. lowered 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 report on Friday, August 11th. Finally, BMO Capital Markets upgraded shares of Cae from a “market perform” rating to an “outperform” rating and set a C$23.00 price objective on the stock in a report on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$23.06.

The firm has a 50-day moving average of $21.36 and a 200-day moving average of $21.44. The firm has a market cap of $6.15 billion and a PE ratio of 24.87.

In related news, insider Nick Leontidis purchased 4,000 shares of the stock in a transaction dated Friday, September 29th. The stock was purchased at an average price of C$21.83 per share, with a total value of C$87,320.00.

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About Cae

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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