AltaCorp Captial Keeps Their Hold Rating on CAE Inc.

By Jason Carr

CAE Inc. (TSX: CAE), the Consumer Goods sector company, was revisited by a Wall Street analyst yesterday. Analyst Chris Murray from AltaCorp Captial rated CAE Inc. (TSX: CAE) a Hold, setting a C$21 price target.

According to TipRanks.com, Murray is ranked #348 out of 4702 analysts.

Currently, the analyst consensus on CAE Inc. is Moderate Buy and the average price target is C$23.50, representing a 6.2% upside.

In a report issued on November 6, RBC Capital also reiterated a Hold rating on the stock with a C$24 price target.

The company has a one-year high of C$23.39 and a one-year low of C$18.35. Currently, CAE Inc. has an average volume of 542.4K.

CAE, Inc. engages in the provision of simulation and modeling technologies and training services to the civil aviation, defense, healthcare, and mining markets. It operates through the following segments: Civil Aviation Training Solutions, Defence & Security and Healthcare.

The company’s shares closed on Friday at C$22.13.