CAE Inc. (CAE) Gets a Buy Rating from Scotiabank

By Ryan Adsit

CAE Inc. (CAEResearch Report), the Consumer Goods sector company was revisited on November 9, and remains undervalued for at least one analyst on the street. Scotiabank’s analyst Turan Quettawala reiterates their Buy rating on the shares, with a C$31 price target.

According to TipRanks.com, Quettawala is a 3-star analyst with an average return of 0.7% and a 59.7% success rate. Quettawala covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.

Currently, the analyst consensus on CAE Inc. is a Moderate Buy with an average price target of C$29.50.

CAE Inc.’s market cap is currently C$6.48B and has a P/E ratio of 18.6. The company has a Price to Book ratio of 2.89.

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

The company’s shares closed on Monday at C$24.20.